ACTIV8X

GBPUSD: Taking a breath or inverting?

FX:GBPUSD   British Pound/U.S. Dollar
71 0 0
The GbpUsd             ended a very bullish week in the red. The GbpUsd             will head towards 1.54433, should it breakout 1.53831, with 1.54202 as a primary objective.

Breaking out 1.53, will send the cable south to 1.52393, with 1.52656 as a primary objective. As by breaking out 1.53, the cable will enter a major support area, which consists of its EMAs, and the 1.52880 support level.

The trend is bullish unless 1.53 is breached.

The daily support level is around 1.53297. The daily support levels are around 1.52763 and 1.52466. The daily resistance are around 1.53594 and 1.54128.
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