Description
⋅ •RES4: 1.5585 (38.2% retracement of 1.7166 and 1.45648)
•RES3: 1.55512 (Feb 26th high)
•RES2: 1.54399 (88.6% retracement of 1.5512 and 1.4564)
•RES 1: 1.5350
PRICE: 1.5343@ 06:05 GMT
•SUP 1: 1.5320 (20 day HMA)
•SUP 2: 1.5260 (Resistance turned into support)
•SUP 3:1.5160 (23.6% retracement of 1.45648 and 1.5345)
•SUP 4: 1.5100
GBP/USD has broken major resistance 1.5260 and reached till 1.5345. Intraday trend is bullish as long as support 1.5250 holds.
On the upside major resistance is around 1.5350. Any break above will take the pair till 1.5440/1.5512.
It is good to buy at dips around 1.5300 for the target of 1.5440 with stop around 1.5250.