GBP/USD faces resistance around 1.5250, good to sell on rallies
Potential Reversal Zone (PRZ) - 1.5250 (trend line joining 1.5799 and 1.55069)
The pair has made a high of 1.52395 and retreated from that level. It is currently trading around 1.51521.
On the lower side major support is around 1.51500 and break below targets 1.5100/1.5050 level.
It is facing minor resistance around 1.5180 and break above will take the pair to next level around 1.5220/1.52500.
Further bullishness only above 1.5250.
It is good to sell on rallies around 1.5200 with SL around 1.5250 for the TP of 1.5100/1.5070
The pair has made a high of 1.52395 and retreated from that level. It is currently trading around 1.51521.
On the lower side major support is around 1.51500 and break below targets 1.5100/1.5050 level.
It is facing minor resistance around 1.5180 and break above will take the pair to next level around 1.5220/1.52500.
Further bullishness only above 1.5250.
It is good to sell on rallies around 1.5200 with SL around 1.5250 for the TP of 1.5100/1.5070