GBPUSD: A doji pattern around its 3 months support level...
The GbpUsd closed another session in the red. The cable closed in a small doji pattern around its 3 months support level. Volatility is higher, the bollinger bands are still spreading up. The trend is still bearish unless the cable breaches 1.52360, which will suggest an inversion with 1.52880 as an objective.
The cable will seek new lower lows, and cut through 1.51646, it should breach 1.51574. By doing so it will head south, all the way to 1.50914, with 1.51390 as a primary objective.
The daily Pivot Point is around 1.51901. The daily support levels are around 1.51393 and 1.51065. The daily resistance levels are around 1.52229 and 1.52737.
The cable will seek new lower lows, and cut through 1.51646, it should breach 1.51574. By doing so it will head south, all the way to 1.50914, with 1.51390 as a primary objective.
The daily Pivot Point is around 1.51901. The daily support levels are around 1.51393 and 1.51065. The daily resistance levels are around 1.52229 and 1.52737.
