Pound continues aiming lower today after losing the 1.5400 area, with 4 hours indicators giving bearish signals: current candle opened under the 20 SMA while momentum crosses upside down its 100 level with a nice vertical inclination, favoring a downside continuation. Intraday low comes around 1.5366, so an acceleration under that level, should push the pair towards 1.5300/20 area first, followed later by 1.5260 price zone. The upside seems now limited by 1.5420: above this last, pair could attempt a recovery and reach 1.5460/80 zone.

View Live Chart for the GBP/USD (Select the currency)