FxWirePro: GBP/USD key resistance at 1.5168, sell deals are recommended around 1.5140
The GBP/USD pair has retreated back from 1.5184 levels, after US CPI data released earlier from US market printed in line with analyst's expectation, reversing the earlier gains. Currently the pair is testing support lev…
The GBP/USD pair has retreated back from 1.5184 levels, after US CPI data released earlier from US market printed in line with analyst's expectation, reversing the earlier gains.
Currently the pair is testing support level located at 1.5116, a pullback near the range of 1.5140 should be viewed as selling opportunity.
To the upside, the strong resistance can be seen at 1.5168, a break above this level would expose to cable to next resistance level at 1.5200.
To the downside immediate support can be seen at 1.5116, a break below will open the door towards next level at 1.5061.
Recommendation: Go short below 1.5140, targets 1.5080, 1.5000, SL 1.5255
