GBP / USD: 1.5600 support did not persist
Tatiana Norkina, analyst at FBS
The pair managed to break down the support of the 56th figure before trade closure last week. Obviously, this should be taken as a way out from a three-week consolidation and the possible resumption of the downtrend. However, saying that the couple has left this level is too early, as the Chinkou Span line will have to overcome two oversold zones. The first of these lines is already situated in oversold zone, which can cause short-term purchase of a pair with a return to 1.5600.
At the same time, all Ichimoku lines are focused strictly to the "south", which confirms the desire of the market to move lower.
Oscillators also descend indicating bearish sentiment of traders.
Technical levels: support - 1.5500, 1.5460, 1.5400; resistance - 1.5600.
1. Sell - 1.5590; SL - 1.5610; TP1 - 1.5500; TP2 - 1.5460.