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FxWirePro
Feb 11, 2015 6:06 AM

GBP/USD Intraday trade idea Short

British Pound/U.S. DollarFXCM

Description

GBP/USD is facing major intraday resistance around 1.5280 and any break above will take pair to next target 1.5320/1.5349.

On the downside major intraday support -1.5200 (200 day HEMA) and below will drag the pair further to 1.5160/1.5125.

Indicators (15 min chart)

CCI (50) - Sell
CCI (14) – Sell
Ichimoku- Sell
200 EMA- 1.5243

Recommendation: Sell GBP/USD around 1.5238, SL 1.5281, Targets 1.5162/1.5128.
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