GBP/USD has broken short term support around 1.5585 and it confirms further weakness in coming days.
Short term trend is weak as long as minor resistance 1.5670 holds. On the upside break above 1.5670 will take the pair to 1.5725/1.5760.
The pair’s minor support is around 1.5585 and any break of would extend loss to 1.5500/1.5426 in short term.
Indicators (1 Hour chart)
CCI (50) – Sell
CCI (14) – Sell
Ichimoku- Sell
Recommendation: Sell GBP/USD around 1.5600, SL 1.5670, Target 1.5505/1.5426.
Short term trend is weak as long as minor resistance 1.5670 holds. On the upside break above 1.5670 will take the pair to 1.5725/1.5760.
The pair’s minor support is around 1.5585 and any break of would extend loss to 1.5500/1.5426 in short term.
Indicators (1 Hour chart)
CCI (50) – Sell
CCI (14) – Sell
Ichimoku- Sell
Recommendation: Sell GBP/USD around 1.5600, SL 1.5670, Target 1.5505/1.5426.
