SUMMARY:
The major trend of GBP/USD is bullish. Prices are
sustaining below the falling trendline with a positive bias. Today if
the pair breaks the psychological level of 1.5180 at upside we can
expect it to test the level of 1.5200/1.5230. RSI is also sustaining
in buying territory supporting the ongoing trend. MACD line has
recently break the zero line,indicating the up trend in the market.
STRATEGY
GBP/USD is successfully sustaining on higher level & looking
further bullish on charts. One can go for buy on dips strategy for
this pair for intra day to mid term positions.
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