GBPUSD: Intraday, Faces A Recovery Risk Above 1.5413 !

Intraday outlook in GBPUSD has turned neutral with risk to the downside, resistance comes at the 1.5413 levels, sustained breakout – 4 hour – closing above the 1.5413 levels will suggest short term bottoming around 1.5353 levels and put the pair in recovery mode, If seen, focus will shift on the 1.5528 levels before the next fall, However; a clear break above the 1.5528 levels will extend recovery towards the 1.5700 levels ….

On the downside, a failure to hold above the 1.5413 levels on a 4 hour closing basis, could mean a return to the 1.5353 levels, a cut through the 1.5353 levels will open 1.5240 next, further down will pave the way towards the 1.5150/1.5088 levels..

In all, as long as 1.5414 resistance holds on a 4 hour closing basis, Intraday outlook in GBPUSD remains on the downside towards the 1.5353 levels ahead of the 1.5240 levels, above the 1.5413 levels faces a recovery risk towards the 1.5528 levels before the next fall…

GBPUSD_ Intraday, Faces A recovery Risk Above 1_5413 !

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