ACTIV8X

GbpUsd: Back to the bullish market?

FX:GBPUSD   British Pound/U.S. Dollar
Yesterday, The GbpUsd             closed in a neutral small candle pattern, as it was a taking profit session, after the strong bullish rally that followed the UK unemployment report. The trend remains bullish with 1.55085 as an objective, which breaching will propel the cable to 1.55843, with 1.55334 as a primary objective.

There will be an inversion towards 1.53830, should the cable breakout 1.54157, with 1.5393 as a primary objective.

The daily Pivot Point is around 1.54580. The daily support levels are around 1.54074 and 1.53652. The daily resistance levels are around 1.55 and 1.55508.

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