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GBP/USD is trading above ichimoku, jump till 1.5560 is possible

  • RES 4 : 1.5700

  • RES 3: 1.5630 (Support turned into resistance)

  • RES 2: 1. 5506 (200 day MA)

  • RES 1: 1.54925 (50 % retracement of 1.4564 and 1.5813)

 PRICE: 1.5466@ 10:47 GMT 

  • SUP 1 :1.5443 (20 day MA)

  • SUP 1:  1.5380 (resistance turned into sup)

  • SUP 2: 1.5350 (7 day EMA)
  • SUP3 :1.5192 (55 day EMA)

GBP/USD has broken major resistance 1.5450 and this confirms it has formed temporary bottom around 1.5170, a jump till 1.5580/1.5630 cannot be ruled out.

On the downside major support is around 1.5395 and any break below would extend gains till 1.5350/1.5300 in short term.

It is good to buy around 1.5430 with SL around 1.5395 for the TP of 1.5580/1.5630.

 

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