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- RES4: 1.5725
- RES4: 1.5678 (61.8% retracement of 1.5813 and 1.5441)
- RES3:1.5630 (Support turned into resistance)
- RES2: 1.5544 (55 day HMA)
PRICE: 1.56391@ 11:52 GMT
- SUP1:1.5600 (55 day H EMA)
- SUP 2: 1.5535 (Trend line support
- SUP3: 1.5490 (trend line support)
- SUP2: 1.5441 (May 19th low)
GBP/USD has broken short term support 1.5630 and this confirms short term weakness, a decline till 1.5530 cannot be ruled out
On the higher side it is facing resistance around 1.5700 and break above would extend gains till 1.5750/1.5805 in short term.
Sell only below 1.5630 with stop around 1.5701 for the target of 1.5525.
