- GBP/USD is trading in narrow range between 1.5585 and 1.5680 level for the past two trading session.
- Short term trend is weak as long as minor resistance 1.5726 holds. On the upside break above 1.5726 will take the pair to 1.5760/1.5825.
- 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
Ichimoku- SellRecommendation: Sell GBP/USD around 1.5680, SL 1.5726, Target 1.5580/1.5505.
The material has been provided by InstaForex Company – www.instaforex.com