Intraday bias for GBP/USD currently is
bullish. Initial resistance is at 1.5219. The bullish bias will be
stronger if that resistance breaks and potentially will raise GBP/USD up
to 1.5249 – 1.5282. Nevertheless, beware of correction since hourly
stochastic and CCI are overbought. As alternative scenario, watch the
support area at 1.5170 – 1.5140 if correction occurs to within that area
to look for bullish signal confirmation as buy signal, with rebound
target at 1.5189 – 1.5219.
Be careful if the support at 1.5140
breaks because it will turn the intraday bias to bearish and possibly
will push GBP/USD down to 1.5121 – 1.5091.
This comment has been removed by the author.
ReplyDelete