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GBP/USD breaks major resistance 1.5165, jump till 1.5268 cannot be ruled out

Monday, April 27, 2015 6:25 AM UTC

RES 4: 1.5512 (Feb 26^th high)

RES 3: 1.5350
RES2: 1.5268 (Jan 15^th high)
RES 1: 1.5200
PRICE: 1.5181@ 06:17 GMT

SUP 1: 1.5095 (55 day Hour EMA)
SUP 2: 1.5040 (23.6% retracement of 1.4564 and 1.5185)
SUP 3:1.5000
SUP 4: 1.4959 (200 day 4HMA)

GBP/USD has broken major resistance 1.5165 and is trading above that level. Intraday trend is is bullish as long support 1.5080 holds

On the upside intraday bullishness can be seen above 1.5200.

It is good to buy at dips around 1.5130 for the target of 1.5268 with stop around 1.5080.

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FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption

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GBP/USD breaks major resistance 1.5165, jump till 1.5268 cannot be ruled out

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