GBP/USD, July 30, 7am UK Time

Cable continues to look a bit heavy but regained some strength after Asia with a quick move up to 1.5635, but gave away the gains in a quick down move. Bulls and bears are fighting at Daily Pivot (1.5617), 21 SMA and 200 SMA (M5) to find support. The more lucrative trades should be shorts.

GBP/USD, July 30, 7am