- GBP/USD broke Resistance Level at 1.5604 and is moving below to reach the next support level at 1.5588.
- The currency is trading at 1.5615, immediate support can be seen at 1.5588, a break below this level will expose the pair to next support level at 1.55558 (23.6% Retracement level).
- Major resistance can be found at 1.5678 (61.8% Retracement level),a break above this level will will open the door to 1.5700 handle.
Recommendation: Go short below 1.5670, targets 1.5630,1.5600, SL 1.5760.
The material has been provided by InstaForex Company – www.instaforex.com