When GBPUSD broke 1.5700 key , we could say that the uptrend was favored and we should stay LONG; however, everything change rapidly, Cable quickly loss momemtum and back to the downtrend.
1.5700 is not a stable .
Look at on the chart, GBPUSD has moved below Kumo cloud and it seems break the ascending I draw on the chart.
Two days, Cable lost 320 pips: the falling is too fast, two weeks ago, Cable trade in a tight range : 120 pips, and most of us think that the of Cable was very low.
Tomorrow, the main focus is US GDP (Q2).
I expect the data will be positive like US Consumer and Durable Good Orders this week, and this continues weighting on Cable drive to the support 1.5335