FXstreet.com (Barcelona) - GBP/USD has fallen 0.80% from today's opening price at 1.4929, to break 1.4850 support and test 1.4800 level. Currently the pair is trading around 1.4840/50.
After falling around 100 pips from the 1.4885 to the 1.4789 last hour, GBP/USD has rebounded to 1.4850.
Yesterday, Cable lost 0.46% along Thursday session, from opening price at 1.4999, reaching 1.5070 as new 3-months high and 1.4841 as lowest, to close the day at 1.4930.
Valeria Bednarik, FXstreet.com collaborator, says about Cable: Not much change since last update, the pair is holding between 1.4930 and 1.4835. Breaking 20 SMA to the downside, and with bigger time frames still bullish, the pair has to clearly move under the mentioned 1.4835 to continue moving down, yet seems unlikely at the moment. Indicators are from flat to slightly bearish, but notice 20 SMA upside inclination remains valid.
Bednarik provides us with her levels: Support levels: 1.4880 1.4835 1.4810. Resistance levels: 1.4930 1.4965 1.5000
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