•RES 4: 1.5512 (Feb 26th high)
•RES 3: 1.5350
•RES2: 1.5268 (Jan 15th high)
•RES 1: 1.5200
PRICE: 1.5181@ 06:17 GMT
•SUP 1: 1.5160 (Resistance turned into support)
•SUP 2: 1.5125 (20 day 4HMA)
•SUP 3:1.5090 (23.6% retracement of 1.4564 and 1.5260)
•SUP 4: 1.4959 (200 day 4HMA)
GBP/USD has formed double top around 1.5260 and expanded only by 0.3% in the first three months from the prior quarter, weakest pace of growth in more than a year.
On the upside intraday bullishness can be seen above 1.5260.Any break above will take the pair till 1.5300/1.5348.
It is good to sell on rallies around 1.5220 for the target of 1.5130 with stop around 1.5270
•RES 3: 1.5350
•RES2: 1.5268 (Jan 15th high)
•RES 1: 1.5200
PRICE: 1.5181@ 06:17 GMT
•SUP 1: 1.5160 (Resistance turned into support)
•SUP 2: 1.5125 (20 day 4HMA)
•SUP 3:1.5090 (23.6% retracement of 1.4564 and 1.5260)
•SUP 4: 1.4959 (200 day 4HMA)
GBP/USD has formed double top around 1.5260 and expanded only by 0.3% in the first three months from the prior quarter, weakest pace of growth in more than a year.
On the upside intraday bullishness can be seen above 1.5260.Any break above will take the pair till 1.5300/1.5348.
It is good to sell on rallies around 1.5220 for the target of 1.5130 with stop around 1.5270
