TECHNICAL DAILY OUTLOOK – GBPUSD 15th of May (5:13GMT)
OVERBOUGHT. EYES ON 1.5680
During the USA session of yesterday, thanks to the deflation-style prints from the USA Bureau of Statistics (the opposite of inflation will not help to argue about possible upcoming interest rates hike), GBP/USD tried 1.58.
Yesterday we individuated sideways moves that can accompany the falling quotes down to 1.5625, first, and 1.5550-1.5530, eventually (depending on the inflation prints from the USA). Today we can confirm 1.5625 as important support and 1.5680 as the early one.
Author: Simone Ambrogio
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