FxWirePro
Long

GBP/USD is trading highly volatile, trend reversal above 1.5250

FX:GBPUSD   British Pound/U.S. Dollar
221 0 3
•RES4: 1.5585 (38.2% retracement of 1.7166 and 1.45648)

•RES3: 1.55512 (Feb 26th high)

•RES2:1.5340 (61.8% retracement of 1.5497 and 1.5080)

•RES1: 1.5240 (200 day HMA)


PRICE: 1.5224@ 07:34 GMT

•SUP 1: 1.5160 (Kijun-Sen)

•SUP2: 1.5080 (May 5th Low)

•SUP 2: 1.5030 (50% retracement of 1.4564 and 1.5497 )

•SUP 3:1.54920 (61.8% retracement of 1.45648 and 1.5497)


GBP/USD             has recovered till 1.5240 after making a low of 1.5080. Intraday trend is bullish if it breaks above 1.5250.

On the upside any break above 1.5250 will target 1.5300/15340 in short term.

On the downside minor support is around 1.5160 and weakness can be seen below that level.

It is good to buy only above 1.5250 for the target of 1.5340 with stop around 1.5198.




Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out