GBPUSD: Skyrocketting after a fake 3 bearish days...

The GBPUSD entered a strong bullish market with 1.55843 as an objective, should it breach 1.55246. Failing to do so, will send it back to 1.54433, after breaching 1.54679.

The parity was trading around 1.54882 at the opening, below of its daily Pivot Point, which is around 1.54490. The daily support levels are around 1.53697 and 1.52511. The daily resistance levels are around 1.55676 and 1.56469.

Any eventual rates hike will increase deposits in USD, as well as ON RRPs reserves. However, I think that any hike will be delayed to November.