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GBP/USD forms bearish Gartley pattern, good to sell on rallies

FX:GBPUSD   British Pound/U.S. Dollar
312 0 4
Harmonic Pattern Formed – Bearish Gartley pattern

Potential Reversal Zone (PRZ) -1.5250

The pair has broken short term resistance 1.5160 and is holding well above that level. It is currently trading around 1.51750.

Any break above PRZ will take the pair till 1.5280/1.5300/1.5340 level. The pair‘s minor resistance is around 1.5190 and break above targets 1.5220/1.5250.

On the lower side the pair’s support is around 1.5160 (resistance turned into support) and break below will drag the pair further down till 1.5100/1.5050 level.

It is good to sell on rallies around 1.5250 with SL around 1.5300 for the TP of 1.5155/1.5100
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