GBP / USD remains under pressure, moving around the 1.4844 support. If support is broken, the GBP / USD is expected to continue to be depressed to the range of 1.4838 - 1.4786.
On the other hand stochastic and CCI 1 hour shows a bullish indication. Therefore there is the possibility of a pullback will occur towards resistance area in the range of 1.4983 - 1.5035. GBP / USD is still in a bearish bias over the last resistance, the bearish signals that may appear in this range is expected to be a sell signal with a target in the range of 1.4930 - 1.4884.
New intraday bias will turn bullish if resistance at 1.5035 broke. If that happens, GBP / USD is expected to move towards 1.5081 - 1.5110.
On the other hand stochastic and CCI 1 hour shows a bullish indication. Therefore there is the possibility of a pullback will occur towards resistance area in the range of 1.4983 - 1.5035. GBP / USD is still in a bearish bias over the last resistance, the bearish signals that may appear in this range is expected to be a sell signal with a target in the range of 1.4930 - 1.4884.
New intraday bias will turn bullish if resistance at 1.5035 broke. If that happens, GBP / USD is expected to move towards 1.5081 - 1.5110.
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