We prefer to go short on GBP/USD

FX:GBPUSD   British Pound / U.S. Dollar
Positioning Bias:

GBP/USD is facing short term resistance around 1.5220 (23.6% retracement of 1.5825 and 1.51798) and any break of will target 1.5276/1.5335 in short term.

On the downside minor support is around 1.5030 and any indicative break below will target 1.4825/1.4639.

Overall trend reversal on 1.5585 (support turned into resistance)

Indicator (4 Hour Chart)
CCI (50) – Sell
CCI (14) – Sell
Ichimoku- Sell

Recommendation: Sell GBP/USD around 1.5200, SL 1.5335, Targets 1.4825/1.4640.

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