•RES 4: 1.5231 (161.8% retracement of 1.5165 and 1.5465)
•RES 3: 1.5165 (Mar 18th high)
• RES 2: 1.5000
• RES 1: 1.4930 (Trend line resistance joining 1.4980 and 1.4970)
PRICE: 1.4975@ 07:28 GMT
•SUP 1: 1.4870
•SUP 2: 1.4812 (200 day 4HMA)
•SUP 3:1.4715 (61.8% retracement of 1.4969 and 1.4564)
•SUP 4: 1.46025 (Apr 14th low)
GBP/USD has broken tend line resistance 1.4930 and this confirms short term bullishness a jump till 1.5165 cannot be ruled out .On the downside minor support is around 1.4870 and any intraday trend reversal can happen only below that level. It is good to buy around 1.4955 with stop around 1.4870 for the target of 1.5160.
•RES 3: 1.5165 (Mar 18th high)
• RES 2: 1.5000
• RES 1: 1.4930 (Trend line resistance joining 1.4980 and 1.4970)
PRICE: 1.4975@ 07:28 GMT
•SUP 1: 1.4870
•SUP 2: 1.4812 (200 day 4HMA)
•SUP 3:1.4715 (61.8% retracement of 1.4969 and 1.4564)
•SUP 4: 1.46025 (Apr 14th low)
GBP/USD has broken tend line resistance 1.4930 and this confirms short term bullishness a jump till 1.5165 cannot be ruled out .On the downside minor support is around 1.4870 and any intraday trend reversal can happen only below that level. It is good to buy around 1.4955 with stop around 1.4870 for the target of 1.5160.