The GbpUsd continued, last Friday, ending the week in the red. The cable visited the 1.5038 support level, as it has broken out the flag, highlighted on the chart. The cable should at least flirt with the 1.49595 support level, about 60 pips from last week's close price.
The cable will have 1.50671 as a resistance, as a throwback may occur. Nevertheless, breaking out 1.50914 will lead to the rejection of the Flag.
The daily Pivot Point is around 1.50552. The daily support levels are around 1.50014 and 1.49741. The daily resistance levels are around 1.50825 and 1.51363.
The cable will have 1.50671 as a resistance, as a throwback may occur. Nevertheless, breaking out 1.50914 will lead to the rejection of the Flag.
The daily Pivot Point is around 1.50552. The daily support levels are around 1.50014 and 1.49741. The daily resistance levels are around 1.50825 and 1.51363.
