GBP/USD - Is In Bearish Trend

SUMMARY :- 

The GBP/USD is in down trend, the combine isn't showing any strength at shopping for aspect. For these days additionally we are able to expect it to continue its current trend. In its 4 hourly chart costs are sustaining on the falling line with a negative bias. If the combine breaks the 1.5500 levels, it will return right down to take a look at the levels of 1.5470/1.5450. RSI & MACD also are adding the support to the pessimistic sentiment within the market.

GBP/USD ( 4 HOURLY )

STRATEGY:-

For today GBP/USD is trying weak on chart. we are able to expect draw back movement for few future session. One will opt for sell on higher level strategy for this combine for intra day to middle term positions.

Pivot Points

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.2041	1.2091	1.2121	1.2171	1.2201	1.2251	1.2281
GBP/USD	1.5401	1.5453	1.5484	1.5536	1.5567	1.5619	1.5650
USD/JPY	119.68	119.91	120.29	120.52	120.90	121.13	121.51
USD/CHF	0.9792	0.9817	0.9858	0.9883	0.9924	0.9949	0.9990
AUD/USD	0.8047	0.8077	0.8104	0.8134	0.8161	0.8191	0.8218
EUR/GBP	0.7778	0.7798	0.7815	0.7835	0.7852	0.7872	0.7889
USD/CAD	1.1560	1.1581	1.1608	1.1629	1.1656	1.1677	1.1704
NZD/USD	0.7693	0.7717	0.7752	0.7776	0.7811	0.7835	0.7870

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