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- RES 4: 1.5201 (61.8% retracement of 1.5512 and 1.46340)
- RES 3: 1.5163 (Mar 18th High)
- RES 2: 1.5058 (200 day 4HMA)
- RES 1: 1.5000 (Previous week high)
PRICE: 1.49107@ 05:29 GMT
- SUP 1: 1.4859 (38.2% retracement of 1.4630 and 1.49983)
- SUP 2: 1.4800
- SUP 3:1.47385 (Previous week low)
- SUP 4: 1.46340 (Mar 18th low)
Weekly trend -Slightly bullish
GBP/USD has recovered after making a low of 1.47385. It is facing major resistance around 1.5000 and any break above will take the pair till 1.5165.
It is good to buy on dips around 1.5880 for the target of 1.5058 with stop around 1.4800.
