FxWirePro

GBP/USD Daily Outlook

Long
FX:GBPUSD   British Pound / U.S. Dollar
146 views
0
GBP/USD has formed a double bottom around 1.5540 and has recovered slightly from that level. In one hour chart CCI (50) has formed bullish divergence and slight bounce till 1.5650/1.5690 cannot be ruled out.
The pair minor resistance is around 1.5620 and any break will take the pair to 1.5650/1.5691 ( 61.8% retracement of 1.57849 and 1.55390).
On the downside break below 1.5540 would extend loss to 1.5500/1.5426 in short term.

CCI (50) – Sell
CCI (14) – Sell
Ichimoku- Neutral

Recommendation: Buy GBP/USD around 1.5585, SL 1.5538, Targets 1.5650/1.5690.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out