Following my previous analysis, GBP/USD started moving higher. The pair is yet to hit the R1 resistance area which could happen in a
short period of time.
While no signs of reversal are presented, consider buying
GBP/USD today at the current levels. The target area is between 1.5851 and 1.59 –
psychological resistance. It seems reasonable to take 1.57 as a psychological
support that also could be used for the stop loss.
The material has been provided by InstaForex Company – www.instaforex.com