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FxWirePro

Cable faces trend line resistance at 1.5642,targets 1.5500

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
FxWirePro  
FX:GBPUSD   British Pound / U.S. Dollar
3
1
Cable is facing trend line resistance around 1.56420 and further bullishness can be seen only above that level.Any break above would extend gains till 1.5680/1.5700 in short term.

Short term weakness only below 1.5580. Any break below 1.5580 will drag the pair to next target 1.5500/1.545 in short term.

It is good to sell on rallies around 1.5630 with SL around 1.5680 for the TP of 1.5500/1.5460.
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