Update: Sterling under the bearish correctional pressure again

Economies.com
2015-07-01 17:34PM UTC

The GBPUSD pair broke 1.5645 level and closed the four hours’ candlestick below it, which pushes the price to extend its bearish correction and target 1.5555 level initially, being aware that it’s important to monitor the price behavior according to the mentioned levels, as breaking the last level will push the price for more decline that its next target reach to 1.5470, while breaching 1.5645 level – that turns into resistance now – represents an initial positive key to regain the bullish trend.

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