- GBP/USD has recovered from yesterday’s low of 1.54657 and jumped till 1.5543 in Asian session.
- Overall trend is still weak as long as resistance 1.5550 (20 day 4HMA) holds. Any intraday bullishness only above 1.5550. Break above would extend gains till 1.5580/1.5630 in short term.
- The pair’s minor resistance is around 1.5525 and break will take the pair till 1.5550.
- On the downside minor support is around 1.5480 and break below will target 1.5455/1.5380 in short term.
It is good to sell on rallies around 1.5495 with SL around 1.5530 for the TP of 1.5450/1.5390
The material has been provided by InstaForex Company – www.instaforex.com