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)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.