GBP/USD is facing strong resistance around 1.5950 (trend line joining 1.6525 and 1.6183) and intraday trend reversal can happen only above that level.
Any indicative break above would extend gain to 1.6000/1.6040.
Short term trend reversal only above 1.6040.
Intraday minor support is at 1.5830. On the downside break below will target 1.5780/1.5755 (138.2% retracement of 1.5873 to 1.6183).
Recommendation: Sell GBP/USD around 1.5900, SL 1.5951, Target 1.5780/1.5755.
Any indicative break above would extend gain to 1.6000/1.6040.
Short term trend reversal only above 1.6040.
Intraday minor support is at 1.5830. On the downside break below will target 1.5780/1.5755 (138.2% retracement of 1.5873 to 1.6183).
Recommendation: Sell GBP/USD around 1.5900, SL 1.5951, Target 1.5780/1.5755.