GBP/USD made a high of 1.5439 and slightly retreated from that level. Overall trend is till bullish as long as support 1.5280 holds.
On the downside below 1.5280 it can reach till 1.5240/1.5190.
The pair’s minor resistance 1.5392 and major 1.5505.
Indicators (4 hour chart)
CCI (50) – Sell
CCI (14) - Buy
Ichimoku- Neutral
Recommendation: Buy GBP/USD around 1.5350, SL 1.5280, Target 1.5500.
On the downside below 1.5280 it can reach till 1.5240/1.5190.
The pair’s minor resistance 1.5392 and major 1.5505.
Indicators (4 hour chart)
CCI (50) – Sell
CCI (14) - Buy
Ichimoku- Neutral
Recommendation: Buy GBP/USD around 1.5350, SL 1.5280, Target 1.5500.