- GBP/USD has broken short term support around 1.5585 and it confirms further weakness in coming days.
- Short term trend is weak as long as minor resistance 1.5670 holds. On the upside break above 1.5670 will take the pair to 1.5725/1.5760.
- The pair's minor support is around 1.5585 and any break of would extend loss to 1.5500/1.5426 in short term.
Indicators (1 Hour chart)
CCI (50) – Sell
CCI (14) – Sell
Recommendation: Sell GBP/USD around 1.5600, SL 1.5670, Target 1.5505/1.5426.
The material has been provided by InstaForex Company – www.instaforex.com