- GBP/USD has recovered from the low of 1.5423 (Aug 7th low) till 1.56140 today. Overall trend is still weak as long as resistance 1.56300 holds.
- On the lower side minor support is around 1.5580 and any break below targets 1.5525/1.5480/1.5455 in short term.
- Any break above 1.5630 will extend gains till 1.5650/1.5690.
It is good to sell on rallies around 1.5585-90 with SL around 1.5625 for the TP of 1.5490/1.5465.
The material has been provided by InstaForex Company – www.instaforex.com