Cable trades below 200 day MA, decline till 1.5300 is possible

GBP/USD is trading weak and any intraday bullishness can be seen only above 1.5480.The minor support is around 1.5400 and break below targets 1.5355/1.5300/1.5250 in short term.

Any break above 1.5480 would extend gains till 1.5500/1.5530.

It is good to sell around 1.5430-35 with SL around 1.5480 for the TP of 1.5355/1.5305