BOE Report | GBP/USD

The British Pound against the US Dollar is one of the oldest currency pairings in the world. 

                                                                                                                   

The secondry trend of GBP/USD is bearish, the pair is sustaining on the rising trendline & consolidating with a negative bias. 30 DMA is also providing resistance to the prices. If the pair sustains below 1.5200 levels, it can come down to the levels of 1.5165/1.5140. MACD is successfully sustaining below the zero line indicating the bearish sentiment in the market.
          

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STRATEGY:- For Today GBP/USD is looking weak on chart. We can expect downside movement for few upcoming session. One can go for sell on higher level strategy for this pair for intra day to mid term positions.

                                                       Technical Report 

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.1220	1.1249	1.1291	1.1320	1.1362	1.1391	1.1433
GBP/USD	1.5118	1.5167	1.5203	1.5252	1.5288	1.5337	1.5373
USD/JPY	118.42	118.84	119.66	120.08	120.90	121.32	122.14
USD/CHF	0.9162	0.9193	0.9239	0.9270	0.9316	0.9347	0.9393
AUD/USD	0.7571	0.7631	0.7675	0.7735	0.7779	0.7839	0.7883
EUR/GBP	0.7331	0.7357	0.7398	0.7424	0.7465	0.7491	0.7532
USD/CAD	1.2436	1.2502	1.2568	1.2634	1.2700	1.2766	1.2832
NZD/USD	0.7219	0.7282	0.7323	0.7386	0.7427	0.7490	0.7531