GBP/USD Daily Outlook

FX:GBPUSD   British Pound / U.S. Dollar
In 1 hour chart GBP/USD is trading above Tenken-sen and Kijun-Sen level which indicates slight bullishness for the intraday.
It has broken minor resistance 1.5950. On the upper side break above will target 1.6040/1.6080.
Intraday trend reversal can happen only below 1.5925. Any indicative break below would extend loss to 1.5875/1.5850.
Short term weakness below 1.5850.
Recommendation: Buy GBPUSD around 1.5970-75, SL 1.5924, Target 1.6040/1.6079


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