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| GBP/USD |
SUMMARY:
The major trend of GBP/USD is bearish, From past few
weeks prices are not sustaining at lower levels & consolidating
with a positive bias. In its hourly chart prices are taking
resistance of falling trendline & gaining strength to break it
up side. Today if the pair breaks the psychological level of 1.5200
then, we can expect it to test the level of 1.5270/1.5300.
RSI is sustaining in buying territory supporting the
positive side movement in the pair. MACD line is also sustaining
above the zero line,indicating the same.
STRATEGY :- GBP/USD is successfully sustaining on higher level & looking further bullish on charts. One can go for buy on dips strategy for this pair for intra day to mid term positions.
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| Technical Chart |
As per forex signals, GBP/USD slips lower after U.K. PMI disappoints. BUY GBP/USD ABOVE 1.5810 TARGET 1.5830 1.5860 SL 1.5780
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