- 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.
