GBPUSD: Blueprints 5.

The GBPUSD closed in the red yesterday, around 1.50380. The 1.50380 level is critical one, as breaking it out will result in a re-visiting of 1.49595, with 1.5007 as a primary objective. Only a breakout of 1.5091 will reject the bearish movement, and send the cable back seeking 1.51411.

The daily Pivot Point is around 1.50711. The daily support levels are around 1.50275 and 1.50013. The daily resistance levels are around 1.50973 and 1.51409.

Comment:

The cable may re-visit 1.49595, today, as it has closed in the red for the third consecutive session. The 1.50380 level will be the cable's resistance level for today.

Only a breakout of 1.50610, would trigger a bullish movement towards 1.50781.

The daily Pivot Point is around 1.50079. The daily support levels are around 1.49548 and 1.49038. The daily resistance levels are around 1.50589 and 1.51120.