FxWirePro
Long

GBP/USD Daily Outlook

FX:GBPUSD   British Pound/U.S. Dollar
411 3 3
GBP/USD             has formed Bullish divergence in daily chart and this confirms short term bounce back till 1.5100 cannot be ruled out.

GBP/USD             has broken major support 1.4950 (Jan 23rd 2015 low) and declined till 1.4891. Any break below 1.4890 will drag the pair further down till 1.48124 (2013 low).

On the upside pair’s minor resistance is around 1.4985 and nay break above will target 1.5045/1.5100.

Short term bullishness only above 1.5150 level.

Recommendation: Buy GBP/USD             around 1.4950, SL 1.4880, Target 1.5045/1.5095.
imarketslive
2 years ago
Agreed also off a nice harmonic Pattern
GBPUSD- Shark Pattern
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FxWirePro imarketslive
2 years ago
Thank you
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imarketslive
2 years ago
Will watch for 15 min setups now....we are short Dollar Yen.......but looking to get long PD Dolla....goodluck!
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