Outlook in GBPUSD remains neutral with risk to the downside , resistance comes at the 1.5676 levels , a failure to hold above the 1.5676 levels on a daily closing basis could mean a return to the 1.5540 levels , a cut would open 1.5470 levels , a halt is likely but losing the 1.5470 levels would open 1.5390 next , further down will aim the 1.5300 levels.
On the upside , resistance comes at the 1.5676 levels , break of the 1.5676 levels on a daily closing basis will put the pair in recovery mode , but recovery above the 1.5676 levels should be limited by the 1.5785 levels , however ; break of the 1.5785 levels will suggest double bottom at the 1.5540 levels and open 1.5850/1.5940 levels
In all , as long as 1.5676 resistance holds on a daily closing basis , outlook in GBPUSD remains on the downside towards the 1.5540 levels ahead of the 1.5470 levels , above 1.5676 will bring rebound towards the 1.5785 levels before the next possible fall!!!!!!!
Intraday ; As long as 1.5698 resistance holds on a 4 hour closing basis , outlook remains on the downside , support comes at the 1.5540 levels where a cut will open 1.5470 levels , above the 1.5700 will turn outlook neutral and open 1.5800 levels before the next fall…
Conclusion : 1.5676/1.5698 levels are strong supply zone !!!