0
847
- GBP/USD has come under modest pressure after repeated failures late last month at the 38% retracement of the February-March decline
- Our near-term trend bias is lower in Cable while below 1.5000
- A close below 1.4760 is needed to confirm that a new leg lower in the pound is underway
- A very minor turn window is eyed later this week
- A close over 1.5000 would turn us positive on GBP/USD
Instrument | Support 2 | Support 1 | Spot | Resistance 1 | Resistance 2 |
---|---|---|---|---|---|
GBP/USD | 1.4635 | 1.4760 | 1.4765 | 1.4875 | 1.5000 |