- GBP/USD has made a high of 1.5549 on Friday and declined till 1.5465. Intraday trend is bullish as long as support 1.5480 holds.
- Any break below 1.5480 will drag the pair further down till 1.5450/1.5400 in short term.
- The pair’s resistance is at 1.5550 and break above would extend gains till 1.5580/1.5630.
It is good to buy at 1.55080 with SL around 1.5475 for the TP of 1.5580/1.5630
The material has been provided by InstaForex Company – www.instaforex.com