GbpUsd: Taking a breath or inverting?
The cable shunned further trailing, closing in the green for the first time in two weeks. The low volumes due to US's Labor day helped in thwarting the GbpUsd's free fall.
The patterns suggest that the cable should close above 1.5269, so an inversion would be taken in consideration, while breaching 1.5302. An inversion will lead it back to 1.53595. Failing to do so, will throw it back to its 1.5164 3 months support level, with 1.5091 as an aim.
The GbpUsd's daily Pivot Point is around 1.52428, below its current opening price, suggesting the daily trend to be bullish. The daily support levels are around 1.51976 and 1.51261. The daily resistance levels are around 1.53143 and 1.53595.
tradingview.com/x/DAty6kNg/
The patterns suggest that the cable should close above 1.5269, so an inversion would be taken in consideration, while breaching 1.5302. An inversion will lead it back to 1.53595. Failing to do so, will throw it back to its 1.5164 3 months support level, with 1.5091 as an aim.
The GbpUsd's daily Pivot Point is around 1.52428, below its current opening price, suggesting the daily trend to be bullish. The daily support levels are around 1.51976 and 1.51261. The daily resistance levels are around 1.53143 and 1.53595.
tradingview.com/x/DAty6kNg/
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