- GBP/USD has broken trend line support 1.5450 and this confirms short term weakness, a decline till 1.5325 cannot be ruled out.
- Major short term resistance is around 1.5550 and any slight bullishness can be seen only above that level.
- Any break above 1.5550 will extend gains till 1.5580/1.5630.
- On the downside minor support is around 1.5450 and nay break below targets 1.5420/1.5380/1.5330.
It is good to sell on rallies around 1.5475-80 with SL around 1.5550 for the TP of 1.5385/1.5330
Resistance
R1- 1.5550
R2-1.5580
R3- 1.5630
Support
S1-1.5450
S2-1.5420
S3-1.5380
The material has been provided by InstaForex Company – www.instaforex.com