GBP/USD is trading highly volatile, trend reversal above 1.5250
•RES4: 1.5585 (38.2% retracement of 1.7166 and 1.45648)
•RES3: 1.55512 (Feb 26th high)
•RES2:1.5340 (61.8% retracement of 1.5497 and 1.5080)
•RES1: 1.5240 (200 day HMA)
PRICE: 1.5224@ 07:34 GMT
•SUP 1: 1.5160 (Kijun-Sen)
•SUP2: 1.5080 (May 5th Low)
•SUP 2: 1.5030 (50% retracement of 1.4564 and 1.5497 )
•SUP 3:1.54920 (61.8% retracement of 1.45648 and 1.5497)
GBP/USD has recovered till 1.5240 after making a low of 1.5080. Intraday trend is bullish if it breaks above 1.5250.
On the upside any break above 1.5250 will target 1.5300/15340 in short term.
On the downside minor support is around 1.5160 and weakness can be seen below that level.
It is good to buy only above 1.5250 for the target of 1.5340 with stop around 1.5198.
•RES3: 1.55512 (Feb 26th high)
•RES2:1.5340 (61.8% retracement of 1.5497 and 1.5080)
•RES1: 1.5240 (200 day HMA)
PRICE: 1.5224@ 07:34 GMT
•SUP 1: 1.5160 (Kijun-Sen)
•SUP2: 1.5080 (May 5th Low)
•SUP 2: 1.5030 (50% retracement of 1.4564 and 1.5497 )
•SUP 3:1.54920 (61.8% retracement of 1.45648 and 1.5497)
GBP/USD has recovered till 1.5240 after making a low of 1.5080. Intraday trend is bullish if it breaks above 1.5250.
On the upside any break above 1.5250 will target 1.5300/15340 in short term.
On the downside minor support is around 1.5160 and weakness can be seen below that level.
It is good to buy only above 1.5250 for the target of 1.5340 with stop around 1.5198.