GBP/USD is facing short term resistance around 1.5335 (23.6% retracement of 1.5825 and 1.51798) and any break of will target 1.5426/1.550 in short term.
On the downside minor support is around 1.5105 and any indicative break below will target 1.5005/1.4865.
The pair’s minor resistance is around 1.5273.
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 1.5150, SL 1.5273, Targets 1.5005/1.4870.
On the downside minor support is around 1.5105 and any indicative break below will target 1.5005/1.4865.
The pair’s minor resistance is around 1.5273.
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 1.5150, SL 1.5273, Targets 1.5005/1.4870.