Although the GbpUsd
succeeded in reaching 1.52417, it fell back to 1.51646, ending yesterday's session in the red. Volatility
is increasing again, as the bollinger bands
spreading up, which means a possible visit of 1.50914, should it cut through 1.51369.
Breaking out 1.50914, will send the parity to 1.50380.
If the bearish
movement fails, the parity will have 1.52062 as an objective.
The daily Pivot Point
is around 1.51756. The daily support levels are around 1.51066 and 1.50679. The daily resistance levels are around 1.52143 and 1.52833.