From monthly chart, GBP/USD is prone to continue the bearish sentiments for the next 2 months.
Major support 1.5250, upon breaking below 1.5250 GBP/USD might test 1.5080 region.
Since market open, GBP/USD has rallied >80 pips and currently trading at 1.5600.
I reckon market to continue this bullish sentiment until 1.5700 resistance.
From intraday chart, we observed market making higher high, but the stochastic crossing remain the same, I reckon market to continue to inch higher, but stochastic crossing diverge.
Hunting for reversal to short at 1.5650 - 1.5700 region. SL 40 pips.
Target exit 1.5500.
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