GBP/USD is struggling to break 1.6040 and any intraday bullishness can happen only above that level.
Any indicative break above would extend gain to 1.6080/1.6140 in the short term.
Intraday major support is around 1.5925 (Nov 2nd low). On the downside any break will target 1.5876/1.5806 (100% projection of 1.6183 to 1.5950 from 1.6039).
Recommendation: Sell GBP/USD around 1.5970-75, SL 1.6041, Target 1.5876/1.5806.
Any indicative break above would extend gain to 1.6080/1.6140 in the short term.
Intraday major support is around 1.5925 (Nov 2nd low). On the downside any break will target 1.5876/1.5806 (100% projection of 1.6183 to 1.5950 from 1.6039).
Recommendation: Sell GBP/USD around 1.5970-75, SL 1.6041, Target 1.5876/1.5806.