GBP/USD Daily Outlook

FX:GBPUSD   British Pound / U.S. Dollar
142 1 0
GBP/USD             has retraced after making high of 1.57849 and intraday trend is positive as long 1.5650 ( median line ) holds.
In hourly chart CCI (50) has shown bearish divergence and decline has happened till 1.57138.
The break of 1.57135 will take the pair to 1.5680/1.5650.
The pair’s minor resistance is around 1.5760 and any indicative break will target 1.5825/1.5861 ( 50% retracement of 1.6181 and 1.5540).

CCI (50) - Buy
CCI (14) - Sell

Recommendation: Buy GBP/USD             around 1.57090, SL 1.5650, Target 1.5825.
good analysis
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