The GbpUsd closed yesterday in a doji pattern around 1.50914, while attempting to cross its former 3 months support level around 1.51646, which became a resistance level recently.
Volatility is decreasing, bollinger bands are tightening up, which announces the weakening of the bearish movement, and an inversion toward 1.52062, unless the parity breaches 1.51060, which will send the parity south to 1.50380, with 1.50759 as a primary objective.
The daily Pivot Point is around 1.51386. The daily support levels are around 1.50971 and 1.50644. The daily resistance levels 1.51713 and 1.52128.
Volatility is decreasing, bollinger bands are tightening up, which announces the weakening of the bearish movement, and an inversion toward 1.52062, unless the parity breaches 1.51060, which will send the parity south to 1.50380, with 1.50759 as a primary objective.
The daily Pivot Point is around 1.51386. The daily support levels are around 1.50971 and 1.50644. The daily resistance levels 1.51713 and 1.52128.
