On Wednesday, the GBP/USD pair expressed daily closure at 1.5409. As expected, this opened the way towards 1.5580 then 1.5620.
On the 4H chart, the visible bullish pressure being applied over 1.5400 resulted in the explosive bullish movement that occured on Thursday.
The pair is trying to fixate above 1.5603 (the high of May). If bulls succeed in fixation above it, this will probably lead to another significant bullish impulse towards 1.5350.
Intraday support is located around 1.5485. Any bearish trial should overcome 1.5485 initially.
Around price zone 1.5400-1.5380, price action should be watched carefully for good BUY entries. Consolidation again below 1.5380 invalidates the bullish scenario mentioned above.
