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.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.