GBP/USD has recovered from yesterdays low of 1.54657 and jumped till 1.5543 in Asian session making it the current high for today.
There isn't real a solid trend as it's still weak and the market is in a consolidation form.
However from looking at the chart we can see
that we are bouncing of our 50 ema which is giving us a potential intraday alert to go long
we also have a minor intraday support and resistance which has been respected previously looking back historically. There is a 95% chance that will have a break above 1.5530 which could lead us to 1.5574 (target 1)
There isn't real a solid trend as it's still weak and the market is in a consolidation form.
However from looking at the chart we can see
that we are bouncing of our 50 ema which is giving us a potential intraday alert to go long
we also have a minor intraday support and resistance which has been respected previously looking back historically. There is a 95% chance that will have a break above 1.5530 which could lead us to 1.5574 (target 1)