GBP/USD: growth possible
Tatiana Norkina, FBS analyst
After the bears showed complete indifference to the 1.5600 figure, the bulls have set for work, not ceasing to attack the 57th figure. Yesterday, this level was broken through and at the moment we might be witnessing consolidation above it. Such turn of events is obvious to lead to another round of short-term bying and to the corrective recovery of the pair into the four-hour cloud. Some of the levels, towards which growth is possible, were mentioned in our previous review – 1.5760 and 1.5875.
Technical levels: support – 1.5680, 1.5700; resistance – 1.5760, 1.5875.
1. Buy — 1.5710; SL — 1.5690; TP1 — 1.5760; TP2 — 1.5875.