GBP/USD Daily Outlook

FX:GBPUSD   British Pound / U.S. Dollar
266 0 1
GBP/USD             made a low of 1.5017 and has recovered from that level. Intraday trend is weak as long as resistance 1.5120 (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 1.5070, SL 1.5120, Targets 1.5005/1.4955.

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