TECHNICAL ANALYSIS BY NSFX 27.06.2015
Cable left its 2015 top at 1.5931 and then broke below its previous top 1.5817 making also a pullback to validate the change of polarity of the static level. The support became a resistance now and the rate can slide to 1.557 and then it might test its 200SMA, now flat at 1.534. Above 1.5817 GbpUsd would test again 1.5931 and a breakout above this level would lift the rate to 1.62. The pair left the overbought area on the RSI indicator.