GBP/USD Short Term outlook

FX:GBPUSD   British Pound / U.S. Dollar
206 0 1
GBP/USD             made a high of 1.5439 and slightly retreated from that level. Overall trend is till bullish as long as support 1.5280 holds.

On the downside below 1.5280 it can reach till 1.5240/1.5190.

The pair’s minor resistance 1.5392 and major 1.5505.

Indicators (4 hour chart)
CCI (50) – Sell
CCI (14) - Buy
Ichimoku- Neutral

Recommendation: Buy GBP/USD             around 1.5350, SL 1.5280, Target 1.5500.
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