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- RES4: 1.5745 (161.8% retracement of 1.5497 and 1.5080)
- RES3: 1.5648
- RES2: 1.5585 (38.2% retracement of 1.7166 and 1.45648)
- RES1: 1.55512 (Feb 26th high)
PRICE: 1.5439@ 06:02 GMT
- SUP 1: 1.5418 (23.6% retracement of 1.5088 and 1.5520)
- SUP2: 1.5315 (20 day HMA)
- SUP 2: 1.5260 (200 day HMA )
- SUP 3:1.5140 (May 6th low)
GBP/USD has recovered till 1.5520 after Conservative party is set to win 316 seats in the total 650 seats .
Technically GBP/USD major resistance around 1.5525 and any break will target 1.5640/15745 in short term.
It is good to buy at dips around 1.5360 for the target of 1.5585/1.5740 with stop around 1.5250.
