The GbpUsd was able to visit the critical 1.54433 level, last Friday. The GbpUsd tried to breakout the 1.54433 level but failed around its Major Trend Line in Blue. Only a breakout of the 1.55047 level, will lead to the instauration of a new major bullish trend cannot be done unless two tops are formed, with the second having a higher top than the one before. The cable will head south again towards 1.543595, should it fail to breakout its Major Trend line. It will have 1.5464 as a resistance.
Breaking out the Major Trend Line in blue, will send the cable to seeking 1.55047, with 1.5474 as a primary objective.
The daily Pivot Point is around 1.53986. The daily support levels are around 1.53295 and 1.52377. The daily resistance levels are around 1.54904 and 1.55595.
Breaking out the Major Trend Line in blue, will send the cable to seeking 1.55047, with 1.5474 as a primary objective.
The daily Pivot Point is around 1.53986. The daily support levels are around 1.53295 and 1.52377. The daily resistance levels are around 1.54904 and 1.55595.
