GBPUSD – Bullish Bias – Looking to Buy a dip at 1.5295

by Admin

GBPUSD – Bullish Bias – Looking to Buy a dip at 1.5295 or a break of 1.5334 (35 pip stop)

GBPUSD – There was little net movement in GBPUSD yesterday as we continue to consolidate within the expending (intraday) wedge formation resulting in the smallest daily range in 10 (trading) days. However, with the USD weakening overnight GBPUSD has pushed higher to the top of the wedge (formation). Some selling pressure has been posted but we look for this to be short-lived.).

Support levels are: 1.5290, 1.5273 and 1.5244.

Resistance levels are: 1.5321, 1.5342 and 1.5410.

GBPUSD