FxWirePro
Short

GBP/USD Daily Outlook

FX:GBPUSD   British Pound/U.S. Dollar
232 0 2
GBP/USD             made a low of 1.49878 and has recovered from that level. Intraday trend is weak as long as resistance 1.5105 (200 day Hourly EMA ) holds.

On the upside any break above will take the pair to 1.5175/1.5225 in short term.

The pair’s minor support is around 1.5000 and below that will target 1.4950/1.4845.

Indicators (60 min chart)
CCI (50) - Sell
CCI (14) - Sell
Ichimoku- Sell

Recommendation: Sell GBP/USD             around 1.5055-65, SL 1.5105, Targets 1.5000/1.4970.
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