GBP/USD Current price: 1.5109. Pair continues moving between 1.5080/1.5180 zone, but turning slightly bearish in the hourly chart. Indicators also turned to the downside, or lost bullish momentum even in bigger time frames, suggesting chances of a downside continuation.
First static support will come at the 1.5090 zone, where we have a short term ascendant trend line coming from 1.4942 low. “However, bigger support lies not at 1.5060, longer and stronger ascendant trend line in the daily,” said Valeria Bednarik, collaborator at FXstreet.com. Clear break under that zone, will bring more downside pressure for the pair.
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