FxWirePro
Short

Cable struggles to break above 1.5650, targets 1.5520

FX:GBPUSD   British Pound/U.S. Dollar
383 2 5
GBP/USD             made a high of 1.56737 and has declined from that level. It has formed temporary top around 1.5675 and so decline till 1.5550 cannot be ruled out.

On the higher minor resistance is around 1.5650 and any indicative break above targets 1.5680/1.5750.

The minor support is at 1.5600 and break below targets 1.5570/1.5525 level.

Short term bullish invalidation if it closes below 1.5550.

Indicators (4 hour chart)

CCI (50) – Buy

Ichimoku- Neutral

It is good to sell on rallies around 1.5620 with SL around 1.5650 for the TP of 1.555/1.5520
TP = 1.5 or is it a typo?
Reply
FxWirePro PRO NidalDarawsheh
Typo error i have changed the TP now
Reply
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