ACTIV8X

GbpUsd: Back to the bearish market?

FX:GBPUSD   British Pound / U.S. Dollar
The GbpUsd             ended last week with a small candle, after Wednesday's mania that followed the publication of a decreasing unemployment rate in the UK.

The Bollinger Bands are knitting, as the last two session had a lot of consolidation in them. The cable will continue the correction, it has started two sessions ago, should it push below 1.54303, which will send it back south to 1.53595, with 1.5397 as a primary objective.

The cable will rally towards 1.55843, should it breakout 1.54863, with 1.55189 as a primary objective.

The daily Pivot Point is around 1.545. The daily support levels are around 1.54137 and 1.53940. The daily resistance levels are around 1.54697 and 1.55060.
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