GBP/USD breaks below minor support 1.5150, targets 1.5035
Short term Trend reversal level -1.5150
Cable has broken minor trend reversal level 1.5150 a short term decline till 1.5080/1.5030 is possible.
On the higher major resistance is around 1.5220 (support turned into resistance) and break above targets 1.5250/1.5300. Overall bearish invalidation only above 1.5335 (19 th Nov 2015 high)
The pair’s minor resistance is around 1.5175.
It is good to sell on rallies around 1.5155-60 with SL around 1.5220 for the TP of 1.5080/1.5030
Cable has broken minor trend reversal level 1.5150 a short term decline till 1.5080/1.5030 is possible.
On the higher major resistance is around 1.5220 (support turned into resistance) and break above targets 1.5250/1.5300. Overall bearish invalidation only above 1.5335 (19 th Nov 2015 high)
The pair’s minor resistance is around 1.5175.
It is good to sell on rallies around 1.5155-60 with SL around 1.5220 for the TP of 1.5080/1.5030