GBP/USD faces resistance at 1.5510, bullishness only above 1.551
Cable was trading in narrow range around 1.5410 and 1.55080. Any further bullishness can be seen only above 1.5500.
GBP/USD has made a high of 1.55067 and slightly decline from that level. It is currently trading at 1.5489.
The break above 1.5500 will take the pair further to new level around 1.5550/1.55600.
On the downside any break below 1.54800 will drag the pair further down till 1.5450/1.5430/1.5410 level.
Overall trend reversal only above 1.5500.
It is good to sell below 1.5480 with SL around 1.5510 for the TP of 1.5435/1.5410
GBP/USD has made a high of 1.55067 and slightly decline from that level. It is currently trading at 1.5489.
The break above 1.5500 will take the pair further to new level around 1.5550/1.55600.
On the downside any break below 1.54800 will drag the pair further down till 1.5450/1.5430/1.5410 level.
Overall trend reversal only above 1.5500.
It is good to sell below 1.5480 with SL around 1.5510 for the TP of 1.5435/1.5410
