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GBP/USD breaks major resistance 1.5165, jump till 1.5268 cannot be ruled out

RES 4: 1.5512 (Feb 26th high) RES 3: 1.5350 RES2: 1.5268 (Jan 15th high) RES 1: 1.5200 PRICE: 1.5181@ 06:17 GMT SUP 1: 1.5095 (55 day Hour EMA) SUP 2: 1.5040 (23.6% retracement of 1.4564 and 1.5185) SUP 3:1.5000 SUP 4: 1…

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  • RES 4: 1.5512 (Feb 26th high)
  • RES 3: 1.5350

  • RES2: 1.5268 (Jan 15th high)

  • RES 1: 1.5200

    PRICE: 1.5181@ 06:17 GMT 

  • SUP 1: 1.5095 (55 day Hour EMA)

  • SUP 2: 1.5040 (23.6% retracement of 1.4564 and 1.5185)

  • SUP 3:1.5000

  • SUP 4: 1.4959 (200 day 4HMA)

GBP/USD has broken major resistance 1.5165 and is trading above that level. Intraday trend is  is bullish as long support 1.5080 holds

On the upside intraday bullishness can be seen above 1.5200.

 It is good to buy at dips around 1.5130 for the target of 1.5268 with stop around 1.5080.

 

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