Tradesix expects GBP/USD misfortunes to amplify towards 1.5549 on a break beneath 1.5606.
Major Notes.
"On the specialized outlines, the pair endured a bearish day by day close underneath 1.5606 (23.6% Fib R of 1.4564-1.5928). Right now, the pair is exchanging at 1.5611 with day by day RSI bearish at 48 levels. The pair could test the quick resistance 1.5638 (38.2% Fib of June rally)."
"In any case, a drawback breakout from the week long exchanging extent is liable to acquire crisp offers, which could push the pair back underneath 1.5606. In such a case, the misfortunes could be reached out to 1.5549 (50% Fib R of June rally)."
"On the higher side, just a break over 1.5667 would turn the transient perspective from bearish to combination."
WATCH ENTRY SPOT 1.56100
EXIT SPOT 1.55900
STOP LOSS 1 .56186
INDICATOR SELL
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