GBP/USD made a low of 1.49878 and has recovered from that level. Intraday trend is weak as long as resistance 1.5105 (200 day Hourly EMA) holds.
On the upside any break above will take the pair to 1.5175/1.5225 in short term.
The pair’s minor support is around 1.5000 and below that will target 1.4950/1.4845.
Indicators (60 min chart)
CCI (50) - Sell
CCI (14) - Sell
Ichimoku- Sell
Recommendation: Sell GBP/USD around 1.5055-65, SL 1.5105, Targets 1.5000/1.4970.
On the upside any break above will take the pair to 1.5175/1.5225 in short term.
The pair’s minor support is around 1.5000 and below that will target 1.4950/1.4845.
Indicators (60 min chart)
CCI (50) - Sell
CCI (14) - Sell
Ichimoku- Sell
Recommendation: Sell GBP/USD around 1.5055-65, SL 1.5105, Targets 1.5000/1.4970.