Dollar weakened today after statements of FED members regarding interest rate hikes. Rapid achievement of the inflation target of 2% isn’t so sure at this moment and it may influent the rate hikes dynamics.
GBPUSD has returned to the main downward trend. All upward movements which took place since November 5 were a simple ABCD correction. That correction was harmonic CD = 61,8% * AB. Supports at levels 1.5250, 1.5120 were broken below. Nearest target of falls is low of November at level 1.5035. After its break next support is at level 1.4970 (April 2015 level).
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