GBP/USD fell during the session on Thursday as risk was drained out of the markets. 1.55 is an obvious support level, and it appears that the cluster has held for now. Going forward, a supportive candle in this point would in fact have as buying to aim for the 1.57 level, but a break down below this 1.55 level on a daily close would have a selling and aiming for much lower prices. In fact if it does give way, we believe that this market could revisit the lows at the 1.5250 level.
Written by FX Empire