GBP/USD has formed a short term bottom around 1.4950 and is recovering from that level. It is facing strong resistance around 1.5085 (200 day Hourly EMA) and break of 1.5085 will take the pair to 1.5135/1.5200.
On the downside minor support is around 1.5000 and break of will target 1.4950/1.4860.
Indicators (60 Min chart)
CCI (50) - Buy
CCI (14) - Buy
Ichimoku- Buy
Recommendation: Buy GBP/USD around 1.5060, SL 1.4998, Targets 1.5135/1.5198.
On the downside minor support is around 1.5000 and break of will target 1.4950/1.4860.
Indicators (60 Min chart)
CCI (50) - Buy
CCI (14) - Buy
Ichimoku- Buy
Recommendation: Buy GBP/USD around 1.5060, SL 1.4998, Targets 1.5135/1.5198.