Outlook in GBPUSD remains on the downside as long as 1.5029 resistance holds on a weekly closing basis , support comes at the 1.4758 levels , sustained breakout – weekly closing – below the 1.4758 levels will open  1.4228 next , further down will pave the way towards the 1.3500 levels.

On the upside , resistance comes at the 1.5029 levels where rejection is strongly suggested , sustained breakout -weekly closing – above the 1.5029 levels will turn outlook neutral and open the 1.5551 levels before the next fall..

In all , as long as 1.5029 resistance holds on a weekly closing basis , outlook in GBPUSD remains on the downside towards the 1.4758 levels where a cut will bring sell-off towards the 1.4228 levels. above the 1.5029 will bring rebound towards the 1.5551 levels before the next fall…

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