Down Trend
Prices should stay below (1.56160) in order to maintain the bearish outlook.. GBPUSD is facing a selling pressure pushing it down as long as it remains below (1.56160) any four hours close below (1.52813) will open the way for the instrument to test the next support level at (1.51937). Any four hours bare close above (1.56160) will change instrument`s direction. Traders should consider selling each rally with a stop loss at (1.56160).
| Important Price Levels | |||||
| Resistance | 1.54620 | 1.55130 | 1.55693 | 1.56257 | 1.56850 |
| Support | 1.53377 | 1.52813 | 1.51937 | 1.51373 | 1.50810 |