GBP/USD is trading weak (well below 200 day HMA) and intraday bias is negative as long as resistance 1.5435 holds.
The pair is expected to reach around 1.5350/1.5330 in short term.
On the upside minor resistance is around 1.5435 and nay break above would extend gains to 1.5460/1.5505 in short term. Further bullishness can be seen only above 1.5550.
Indicators (1 hour chart)
CCI (50) – Sell
CCI (14) – Sell
Ichimoku- Sell
Recommendation: Sell GBP/USD around 1.5400, SL 1.5440, Targets 1.5330/1.5305.
The pair is expected to reach around 1.5350/1.5330 in short term.
On the upside minor resistance is around 1.5435 and nay break above would extend gains to 1.5460/1.5505 in short term. Further bullishness can be seen only above 1.5550.
Indicators (1 hour chart)
CCI (50) – Sell
CCI (14) – Sell
Ichimoku- Sell
Recommendation: Sell GBP/USD around 1.5400, SL 1.5440, Targets 1.5330/1.5305.