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- RES 4:1.5630 (Support turned into resistance )
- RES 3: 1.55685 (61.8% retracement of 1.5813 and 1.5169)
- RES2: 1.5506 (May 25th high)
- RES1: 1. 5430 (May 27th high)
PRICE: 1.54022@ 09:19 GMT
- SUP 1: 1.5350 (resistance turned into support)
- SUP2 : 1.5308 (55 day H EMA)
- SUP3: 1.5250 (Jun 3rd low)
- SUP4: 1.5169 (Jun 1st low)
GBP/USD has made a high of 1.5405 and is trading around 1.5396. Short term trend is bullish as long as support 1.5350 holds
On the downside minor support is around 1.5350 and any break below will drag the pair further down till 1.5300/1.5250.
It is good to buy at dips around 1.5380 with SL around 1.5345 for the TP 1.5435/1.5470.
