- GBP/USD is facing resistance around 1.5380 and any trend reversal only above that level. Any break above 1.5380 would extend gains till 1.5445/1.5500.
- The minor intraday resistance is around 1.5320.
- On the downside support is at 1.5248 and break below will drag the pair further down till 1.5200/1.5170.
It is good to sell on rallies around 1.5280 with SL around 1.5325 for the TP of 1.5200/1.5175.
The material has been provided by InstaForex Company – www.instaforex.com