ZIFX.com: The Cable is in bearish correction

Note: This section contains information in English only.
Source: zifx.com
© Dukascopy Bank
According to experts from zifx.com, following an extensive rally of GBP/USD, the currency pair is presently undergoing a bearish correction. While the initial support and resistance levels are situated at 1.6037 and 1.6154, respectively, most of the indicators point to the downside, which supports the idea of a weaker British Pound relative to the US Dollar in the short-term, analysts added. 

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