FxWirePro
Long

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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