FxWirePro
Long

GBP/USD is facing resistance around 1.5815, good to buy at dips

FX:GBPUSD   British Pound / U.S. Dollar
281 3 3
•RES4: 1.6025 (100% projection of 1.4564 to 1.54997 from 1.50880)

•RES3:1.5855

•RES2: 1.5815 (161.8% retracement of 1.5746 and 1.50880)

•RES1: 1.5750 (161.8% retracement of 1.5497 and 1.50880)


PRICE: 1.5725@ 05:00 GMT            

•SUP1: 1.5695 ( 61.8% Retracement of 1.5634 and 1.5813)

•SUP2: 1.5630 (May 13th low)

•SUP 3: 1.5590 (23.6% retracement of 1.5088 and 1.5746)

•SUP4:1.5530 (200 day HMA )



GBP/USD             once again made a high of 1.5807 and is retreated from that level. Therefore GBP/USD             has formed temporary top around 1.5185 and any further bullishness only above that level.

Technically GBP/USD             major resistance around 1.5815 and any break will target 1.5815/1.6020 in short term.

Intraday minor support is 1.5695 and any break below will target 1.5630/1.5590.Intrady weakness only below 1.5695.

It is good to buy around 1.5725 for the target of 1.5815/1.5855 with stop around 1.5695.




I have 1.5855 target around 3am BST where cable makes its final TP, passing the black fibonacci band, and then fall back to 1.53
Reply
FxWirePro juancho.villalba.7
It has broken 1.5695 .It will reach till 1.5630
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