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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: 1.5544@ 05:43 GMT
- SUP1: 1.5490 (trend line support)
- SUP2: 1.5441 (May 19th low)
- SUP 3: 1.5390 (May 11th low)
- SUP4:1.5350 (May 8th low)
GBP/USD short term weakness only below trend line support 1.5490 and below that it can reach till 1.5440/1. is expected to recover till 1.5800 from this level.
The minor resistance are 1.5630/1.5675/1.5725.
It is good to buy around 1.5550 with stop around 1.5490 for the target of 1.5725.
