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Short

GBP/USD breaks below minor support 1.5150, targets 1.5035

FX:GBPUSD   British Pound/U.S. Dollar
247 0 3
Short term Trend reversal level -1.5150

Cable has broken minor trend reversal level 1.5150 a short term decline till 1.5080/1.5030 is possible.

On the higher major resistance is around 1.5220 (support turned into resistance) and break above targets 1.5250/1.5300. Overall bearish invalidation only above 1.5335 (19 th             Nov 2015 high)

The pair’s minor resistance is around 1.5175.

It is good to sell on rallies around 1.5155-60 with SL around 1.5220 for the TP of 1.5080/1.5030
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