Forex Trading : Rise of the GBP / USD may be limited at 1.4980 area, and that any rebound will target 1.4870 area.
Instead of occasional trading, GBP dropped below the support level at 1.5030 / 35 area, touching the lowest level at 1.4893 area.
The limited rebound from lows indicates that there is more downside risk from here.
We expect that any rebound will be no reduction in 1.4980 area to move towards the 1.4870 area