GBP/USD is trading weak, bullish only above 1.5530

FX:GBPUSD   British Pound/U.S. Dollar
501 0 5
GBP/USD             has recovered slightly after making a low 1.5440 and intraday trend is bearish as long as resistance 1.5530 holds.

The break above 1.5530 would extend gains till 1.5560/15630 in short term.

On the downside minor support is around 1.5440 and below will drag the pair further down till 1.5390/1.5350.

It is good to sell on rallies around 1.5475-80 with stop around 1.5530 for the target of 1.5395/1.5355