The bounce back on the GBPUSD pair seems to be ending with the return of the pair below the 1.5240 support. In terms of technical indicators, the MACD displays its first negative histogram while the RSI resumes downward following its contact with the neutral zone. Investors may therefore choose a bearish trade on the pair with a stop loss placed above the moving average at 20 sessions to target a return on the latest lows.
Direction: Down
Entry: 1.5231
Stop-loss: 1.5310
