GBP/USD Weekly Outlook

FX:GBPUSD   British Pound / U.S. Dollar
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GBP/USD             has recovered till 1.4950 after making a low of 1.4630 in previous week. The pair’s minor resistance is around 1.4950-60 (Support turned into resistance). Any break above 1.4960 could pave way for next target 1.5050/1.5125.

Overall trend reversal can happen only if it closes above 1.5160 level.

On the downside minor support is around 1.4800 and any break below will drag the pair further down till 1.4690/1.4630.

Indicators (Weekly chart)

CCI (50) - Buy

CCI (14) - Buy

CCI (14)-Buy

Recommendation: Sell GBP/USD             around 1.4935 SL 1.5051, Target 1.4655.

indicators are buy signal. So are you selling?
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