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- RES4: 1.5665 (Cloud top)
- RES3:1.5630 (Support turned into resistance)
- RES2: 1.5592 (55 day HMA)
- RES1: 1.5535 (23.6% retracement of 1.5813 and 1.5441)
PRICE: 1.55165@ 09:32 GMT
- SUP1: 1.5441 (May 19th low)
- SUP 2: 1.5390 (May 11th low)
- SUP3:1.5350 (May 8th low)
- SUP4: 1.5300
GBP/USD has broken trend line support 1.5470 and declined till 1.5441. It is currently trading around 1.55193 and short term reversal till 1.5630 will happen as long as support 1.5440 holds.
Technically GBP/USD minor resistance around 1.5535 and any break will target 1.5595/1.5630 in short term.
Intraday major support is 1.5441 and any break below will target 1.5350.
It is good to buy at dips around 1.5500 for the target of 1.5625 with stop around 1.5440.
