GBPUSD: Blueprint 2

The GBPUSD has been rallying for the past 3 sessions. It is currently seeking its 1.52409 resistance level. The positive unemployment numbers have strengthened the cable against the dollar. The cable will have 1.52666 as an objective, should it breakout 1.52409.

Failing to breakout 1.52880 will send it back to 1.50914, with 1.51796 as a primary objective.

The daily Pivot Point is around 1.51808. The daily support levels are around 1.51407 and 1.50743. The daily resistance levels are around 1.52472 and 1.52873.

Comment:

The trend is still bearish, as the GbpUsd closed in the red yesterday. The Objective remains 1.50914, with 1.51416 as a primary objective. The cable will have its EMAs as well as the 1.52409 resistance level, as a major resistance zone.
Only a breakout of 1.52666 will lead to an inversion with 1.53155 as an objective.
The daily Pivot is around 1.52017. The daily support levels are around 1.51831 and 1.51664. The daily resistance levels are around 1.52184 and 1.52370.

Comment:

The GbpUsd fell on Friday, which has interrupted a 3 days rally. The pattern is currently bearish and the cable is heading towards 1.50914, should it breakout 1.51416. The cable will have 1.52409 as a resistance.
The daily Pivot Point is around 1.52259. The daily support levels are around 1.51422 and 1.50986. The daily resistance levels are around 1.52695 and 1.53532.

Comment:

The GbpUsd continued its free fall as it was few steps away from visiting the 1.50914 level support, which breaking out will send it south towards 1.50380. The pattern is bearish as long as 1.51468 is a resistance level.
Breaking out 1.51954 will reject the bearish market, and send the cable seeking 1.52409.
The daily Pivot Point is around 1.51429. The daily support levels are around 1.50888 and 1.50551. The daily resistance levels are around 1.51766 and 1.52307.