ACTIV8X

GbpUsd: Taking a breath or inverting? Part 2

FX:GBPUSD   British Pound/U.S. Dollar
21 0 0
The GbpUsd             continued its consolidation for the second consecutive session. Yesterday, it was attempting to breakout 1.53595. The EMAs are converging upward.

Breaking out 1.53831 will send it upward towards 1.54433, with 1.54202 as a primary objective. The parity is currently leaning back on its major support area , consisting of its 1.52880 support level , and its EMAs.

The parity is currently leaning back on its major support area , consisting of its 1.52880 support level , and its EMAs, which breaking out will send it south towards 1.52484, which breaching will send it to 1.52393. The primary objective in this case will be 1.52656.

The daily Pivot Point is around 1.53421. The daily support levels are around 1.53112 and 1.52756. The daily resistance levels are around 1.53777 and 1.54086.
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