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Short

GBP/USD faces resistance at 1.5510, bullishness only above 1.551

FX:GBPUSD   British Pound/U.S. Dollar
479 0 12
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

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