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- RES 4 : 1.5445 (Jun 4th high)
- RES 3: 1.5380 (Jun 3rd high)
- RES 2: 1. 5330 (20 day HMA)
- RES 1: 1.5306 (200 day HMA)
PRICE: 1.52997@ 09:32 GMT
- SUP 1 :1.5248
- SUP 1: 1.5169 (Jun 1st low)
- SUP 2: 1.5080 (May 5th low)
- SUP3 :1.5040 (61.8% retracement of 1.5648 and 1.5813)
GBP/USD is facing resistance around 1.5380 and any trend reversal only above that level. Any break above 1.5380 would extend gains till 1.5445/1.5500.
The minor intraday resistance is around 1.5320.
on the downside support is at 1.5248 and break below will drag the pair further down till 1.5200/1.5170.
It is good to sell on rallies around 1.5300 with SL around 1.5360 for the TP of 1.5200/1.5175.
