FxWirePro

GBP/USD is trading in narrow range, weakness only below 1.5630

FX:GBPUSD   British Pound/U.S. Dollar
311 3 6
GBP/USD             is consolidating between 1.5700 and 1.5630 and any weakness can be seen only below 1.5630.

On the higher side it is facing resistance around 1.5700 and break above would extend gains till 1.5750/1.5805 in short term.

Strategy for intraday: We prefer to Buy GBP/USD             above 1.5700 with stop around 1.5650 for the targets of 1.5750/1.5805
Or
Sell only below 1.5630 with stop around 1.5701 for the target of 1.5525
Keep up the good work! Your graphs are great!
Reply
FxWirePro PRO CoreyInvesFB
Thank you
Reply
waseem.jussab FxWirePro
You sir, are a great analyst! Any tips on how I could expand my skills and learn to analyse charts like you?
Reply
Ideas