As shown on the 4 hour chart posted below, the GBPUSD has formed a breakout pattern, support at 1.5460, resistance at 1.5550, four hour close above 1.5550 will call for a rebound towards 1.5640 and 1.5730 levels, while a four hour close below 1.5460 will extend the bearish move towards 1.5370 and 1.5280 levels...
Recommendation 1 # : Buying the pair with a 4 hour closing above 1.5550 targeting 1.5640 and 1.5730 levels, stop loss below 1.5460 levels.
Recommendation 2 # : Selling the pair with a 4 hour closing below 1.5460 targeting 1.5370 and 1.5280 levels, stop loss above 1.5550 levels.
Best Regards
Haitham
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