GBPUSD: Heading back to 1.51646 after last week's rally?

The GBPUSD entered a bearish market erasing almost half of what it had gained during last week's rally. The patterns suggest a bearish market with 1.51646 as an objective, with 1.53028 as a primary objective.

The parity will head towards 1.54433, should any drawbacks occur, leading the parity above 1.53872.

The parity was trading around 1.53423 at the opening, below its daily Pivot Point, which is around 1.53764. Its daily support levels are around 1.52956 and 1.52488. Its daily resistance levels are around 1.54232 and 1.55040.