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.
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.