- GBP/USD has formed temporary bottom around 1.5160 and is recovering from that level. Further weakness can be seen only below 1.5160 level.
- On the downside below 1.5160 will drag the pair further down till 1.5080/1.5000.
- The minor resistance is around 1.5250 and any break above would extend gains till 1.5300/1.5350 in short term.
It is good to buy at declines around 1.5220 with SL around 1.5160 for the TP 1.5305/1.5350.
The material has been provided by InstaForex Company – www.instaforex.com