The GBPUSD pair is testing its former resistance that is now a support but retains an alarming technical configuration. In terms of technical indicators, the RSI resumes its downward trend following its contact with the neutral zone in the 50. In this configuration, investors will monitor any break of the moving average at 20 sessions that could mark the resumption of the downtrend.
Direction: Down
Entry: 1.5220 (trigger threshold)
Stop-loss: 1.5350
