The Downside prevails….

Below is my analysis on GBPUSD.  Please be advised that should you wish to take the trade, this must be done off your own analysis using the training that you have received.

Pivot: 1.565

GBPUSD 30min chart

My preference for this morning would be : Short positions below 1.565 with targets @ 1.5525 & 1.545 in extension.

Alternative scenario would be to : Above 1.565 look for further upside with 1.57 & 1.5745 as targets.

The pair has struck against its MT declining trend line and should face a further weakness.

Key levels

1.5745

1.57

1.565

1.5575 last

1.5525

1.545

1.539

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GBPUSD 30min chart