GBP/USD Daily Outlook

FX:GBPUSD   British Pound / U.S. Dollar
221 0 1
GBP/USD             has formed a short term bottom around 1.4950 and is recovering from that level. It is facing strong resistance around 1.5085 (200 day Hourly EMA ) and break of 1.5085 will take the pair to 1.5135/1.5200.

On the downside minor support is around 1.5000 and break of will target 1.4950/1.4860.

Indicators (60 Min chart)
CCI (50) - Buy
CCI (14) - Buy
Ichimoku- Buy

Recommendation: Buy GBP/USD             around 1.5060, SL 1.4998, Targets 1.5135/1.5198.
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