Τhe current weekly candlestick should be monitored by the end of the day to determine if the weekly closure persists below 1.5450 (Key-Level) or not. The nearest demand level around 1.5200 is exposed as long as GBP/USD bears manage to keep moving below the level of 1.5450.

By Theodoros  Batsoulis
Technical Analyst
Risk Market
www.riskmarket.co.uk