GBPUSD update - watch for a break above 1.4435
Cable dropped to a low of 1.4379 before recovering back above 1.44 levels. Once again, a break below 1.44 ran into bids. Watch for a continued recovery and a possible break above 1.4435 as that would open doors for a ride to 1.4480-1.45 levels.
On the downside, an hourly closing below 1.4387 is necessary to bring in fresh offers.
European session outlook
On the downside, an hourly closing below 1.4387 is necessary to bring in fresh offers.
European session outlook
