GBP/USD Daily Outlook

FX:GBPUSD   British Pound / U.S. Dollar
GBP/USD is facing short term resistance around 1.5335 (23.6% retracement of 1.5825 and 1.51798) and any break of will target 1.5426/1.550 in short term.
On the downside minor support is around 1.5105 and any indicative break below will target 1.5005/1.4865.
The pair’s minor resistance is around 1.5273.
Overall trend reversal on 1.5585 (support turned into resistance)

Indicator (4 Hour Chart)
CCI (50) – Sell
CCI (14) – Sell
Ichimoku- Sell

Recommendation: Sell GBP/USD around 1.5150, SL 1.5273, Targets 1.5005/1.4870.


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