GBP/USD Analysis (October 02)

The Cable has been consolidating all week, pulling back towards the 1,57 level.
The pair is now evolving in a short term range between 1,5540 and 1,57 but the pressure remains definitly on the downside.
We will watch a possible break below 1,55 for a possible extension towards next key support at 1,5350 which has already been tested on September 22.