I. GBPUSD has tested weekly support from 2008 highs.
II. On 4-hour timeframe GBPUSD has tested and bounced twice from dynamic support created by connecting minimum levels from 08.Jul and 04.Sep, 1.5330 and 1.5163, accordingly.
III. Hourly timeframe confirms 1.4910 support level and signal line 1.4970.
Close above 1.4970 would confirm GBPUSD rebound from important support 1.4910 in direction of first target 1.5105.
Alternative scenario: decline below 1.4900 down to following static level 1.4830.
Close above 1.4970 would confirm GBPUSD rebound from important support 1.4910 in direction of first target 1.5105.
Alternative scenario: decline below 1.4900 down to following static level 1.4830.
