TECHNICAL LEVELS FOR GBP/USD.

CABLE clearly feeling the pressure after loosing the last week attempt to climb the 1.5335  mark.

yesterday low of 1.5124 indicating that more down side is possible to this selling. leaving us the the following technical levels to look out for,

up side of 1.5184 and 1.5220 closing above 1.5220 could take cable to 1.5288 levels.

but the sellers are active and a long seem difficult at this level unless an upset in US GDP figures.

down side targets are 1.5095 and 1.5045  a break below this level could drag pound to 1.4900 level to test the April 2015 lows.