GBPUSD has formed hammer candle near to support area. After this hammer on daily chart, a big bullish candle is formed. So this is bullish signal in this pair. According to technical view, we can go for buy for short term.
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If we draw fibo from 1.5784 to 1.5034, then we need wait for retracement for take sell entry with the main trend. 50% and 61.8% area are very good zone for sell. We can sell from 1.5400 area and target will be 1.5200 level.
Weekly Pivot, Support and Resistance
Resistance Two (R2): 1.5452
Resistance One (R1): 1.5304
Pivot Point: 1.5168
Support One (S1): 1.5020
Support Two (S2): 1.4884