GBP?USD is going to bull in the next couple of hours from technical analysis and moving average a STRONG BUY as sonce been suggested the dynamic fluctuation of the graph shows the bull trying to defeat the great tyrant bear. the signals strenght suggest a byll to 1.56983 Almost touching 1.57,
WATCH:- Entry spot 1.55027
Exit spot 1.56000
Stop loss 1.54000
Indicator BUY
The GBP/USD recovered from the low of 1.5465 to let taking into consideration anew vis--vis 1.55 levels ahead of the US session, which lacks any major first tier data releases.
GBP/USD: Back above 50% Fib retracement
The pair now trades above 50% Fib retracement of the mid-May to decline-May plunge 1.5813-1.5169. The Merkel driven sell-off pushed the cable to a low of 1.5465, although the losses were capped due to the sell-off in the EUR/GBP pair. continue
The US calendar does not manage to pay for major data releases apart from the Michigan confidence index. Consequently, the pair is at the mercy of the overall confirms appetite for the US dollars ahead of the weekend.
GBP/USD Technical Levels
The hasty resistance is seen at 1.5228, above which gains could be outstretched to 1.5565. On the flip side, a fracture knocked out 1.5465 could dream the pair to a low of 1.5416.
