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Short

GBP/USD faces resistance around 1.5250, good to sell on rallies

FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
280 0 6
Potential Reversal Zone (PRZ) - 1.5250 ( trend line joining 1.5799 and 1.55069)

The pair has made a high of 1.52395 and retreated from that level. It is currently trading around 1.51521.

On the lower side major support is around 1.51500 and break below targets 1.5100/1.5050 level.

It is facing minor resistance around 1.5180 and break above will take the pair to next level around 1.5220/1.52500.

Further bullishness only above 1.5250.

It is good to sell on rallies around 1.5200 with SL around 1.5250 for the TP of 1.5100/1.5070
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