The GBP/USD pair has seen another sharp decline today and a break through the 1.5000 handle round number area. 1.5000 has seen significant support and a break under this level is a constructive technical development. This latest push lower came as the NFP event risk came in with a better than widely anticipated figure - a gain of 195K jobs seen in June. We note the key previous cable support level, located around 1.4830, is a major tech level heading into next week. The outlook remains bearish as long as this currency pair remains under the 1.5000 previous support level. A look at the (fig 2) weekly chart shows price ... (full story)