- RES4: 1.5585 (38.2% retracement of 1.7166 and 1.45648)
- RES3: 1.55512 (Feb 26th high)
- RES2:1.5358 (61.8% retracement of 1.5497 and 1.5133)
- RES1: 1.5254 (Kijun-Sen)
PRICE: 1.5156@ 05:52 GMT
- SUP 1: 1.5106 (Bollinger lower band)
- SUP 2: 1.5030 (Tenken-Sen)
- SUP 3:1.54920 (61.8% retracement of 1.45648 and 1.5497)
- SUP4: 1.54855 (Apr 21st low)
GBP/USD has formed double top around 1.5500 and retreated from that level. This confirms it has formed temporary top around 1.5500 and any further bullishness only above that level.
On the upside major resistance is around 1.5260. Any break above will take the pair till 1.5360/1.5500.
On the downside minor support is around 1.5100 and weakness can be seen below that level.
It is good to sell on rallies around 1.5170 for the target of 1.5000 with stop around 1.5260.


Aussie Consolidates After Peak: AUDJPY Bulls Eye a Strategic Entry for the 115.00 Target
Pound on Pause: GBPJPY Bulls Regroup for a Potential Sprint Toward 215.00
FxWirePro: AUD/USD retreats slightly but trend is still bullish
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro:NZD/USD uptrend loses momentum but bullish setup remains
FxWirePro: GBP/AUD takes back some lost ground
FxWirePro: USD/ZAR edges lower ,investors remain on edge
FxWirePro -Major European Indices
Euro Holds the Line: EURUSD Finds Support at the 365-EMA as Peace Talks Loom
Bitcoin’s Islamabad Watch: BTCUSD Consolidates Near 71,421 USD as Geopolitical Peace Talks Loom
Kiwi Ascendant: NZDJPY Bulls Eye Multi-Year Peaks Amid Triple-Day Rally
FxWirePro: GBP/NZD down trend loses steam, remains on bearish path
FxWirePro: USD/CAD extends decline on broad dollar weakness
NZDJPY Bulls Charge Toward 95.00: Safe-Haven Exodus Drives Kiwi Rally
FxWirePro: EUR/CAD gains ground on prospects of resumed energy flows
Ethereum’s Healthy Correction: Bulls Eye Strategic Re-Entry at 2,150 USD Following Profit-Booking Pullback
FxWirePro: GBP/AUD positions for another drop, eyes 1.8900level 



