GBPUSD targets 1.5350 , support 1.4680 !!

UK pound min
UK pound min

As seen on the daily chart posted below , large reversal is in insight for GBPUSD  as long as 1.4680 support holds on a daily closing basis .

Immediate support comes at the 1.4887 levels , stability above this level on a daily closing basis mains further upside gains the upcoming days , resistance comes at the 1.5162 levels , we might see hesitation , but further upside will target the 1.5350 levels . At this point I’d expect strong resistance from the 1.5350 levels to limit rise from the 1.4565 levels and bring reversal , however ; sustained breakout above the 1.5350 levels will have large bullish implication towards the 1.6000 levels………

On the downside , short term support comes at the 1.4887 levels , losing this level on a daily closing basis should weaken the current rise and open the 1.4811 levels , further down should be contained well by the 1.4680 levels . sustained breakout below the 1.4680 levels on a daily closing basis will invalid this view and open 1.4200 levels..

 

GBPUSD targets 1_5350 , support 1_4680 !!

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