GBP/USD has retreated after making a high of 1.5350 and overall trend is bearish as long resistance 1.5350 holds.
On the upside minor resistance is around 1.5280 and any break of will target 1.5320/1.5351.
The pair’s short term support is around 1.5200 and break below will take the pair to 1.5160/1.5120.
Indicators (4 hour chart)
CCI (50) - Sell
CCI (14)- Sell
Ichimoku- Sell
Recommendation: Sell GBP/USD around 1.5280-85, SL 1.5351, Targets 1.5162/1.5121.
On the upside minor resistance is around 1.5280 and any break of will target 1.5320/1.5351.
The pair’s short term support is around 1.5200 and break below will take the pair to 1.5160/1.5120.
Indicators (4 hour chart)
CCI (50) - Sell
CCI (14)- Sell
Ichimoku- Sell
Recommendation: Sell GBP/USD around 1.5280-85, SL 1.5351, Targets 1.5162/1.5121.