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GBP/USD retreats after making a high of 1.5050, good to buy at dips

RES 4: 1.5231 (161.8% retracement of 1.5165 and 1.5465) RES 3: 1.5165 (Mar 18th high) RES2: 1.5050 (Apr 17th high) RES 1: 1.5000 PRICE: 1.4965@ 06:07 GMT SUP 1: 1.4870 SUP 2: 1.4795 (200 day 4HMA) SUP 3:1.4715 (61.8% ret…

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  • RES 4: 1.5231 (161.8% retracement of 1.5165 and 1.5465)

  • RES 3: 1.5165 (Mar 18th high)


  • RES2: 1.5050 (Apr 17th high)


  •  RES 1: 1.5000    

    PRICE: 1.4965@ 06:07 GMT 

  • SUP 1: 1.4870


  • SUP 2: 1.4795 (200 day 4HMA)
      

  • SUP 3:1.4715 (61.8% retracement of 1.4969 and 1.4564)


  • SUP 4: 1.46025 (Apr 14th low)

GBP/USD has retreated after making a high of 1.5050. Overall trend is bullish as long as 1.4795 holds. It is good to buy on declines around 1.4880 with stop around 1.4790 for the target of 1.5050

 

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