GBP/USD is currently trading around 1.5072 after making a low of 1.5020. The pair is facing psychological support around 1.5000 and any break below will target 1.4950/1.4825.
On the upside minor resistance is around 1.5125 (9 day 4HMA) and any break above will take the pair to 1.5160/1.5205.
Indicators (4 Hour chart)
CCI (50) – Sell
CCI (14) – Sell
Ichimoku- Sell
Recommendation: Sell GBP/USD around 1.5125-30, SL 1.5205, Targets 1.5025/1.4960.
On the upside minor resistance is around 1.5125 (9 day 4HMA) and any break above will take the pair to 1.5160/1.5205.
Indicators (4 Hour chart)
CCI (50) – Sell
CCI (14) – Sell
Ichimoku- Sell
Recommendation: Sell GBP/USD around 1.5125-30, SL 1.5205, Targets 1.5025/1.4960.
