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FxWirePro: GBP/USD struggles to close above 1.5200, good to buy at dips

  • Cable recovered till 1.5246 yesterday and retreated till 1.5176.  It is currently trading at 1.52180.

  • On the higher side major resistance is around 1.5262 and break above will take the pair to new level till 1.5300/1.5360 level.

  • The pair's support is around 1.5200 and any break below 1.5200 will target 1.5160/1.5130

It is good to buy at dips around 1.5170 with SL around 1.5130 for the TP of 1.5230/1.5260

 

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