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Short

GBP/USD breaks major support 1.5000, targets 1.4900

FX:GBPUSD   British Pound / U.S. Dollar
389 1 8
Cable has broken major support 1.5000 and is currently trading around 1.49960 level. Short term trend is weak as long as resistance 1.5060 holds.

Any break above 1.5060 will take the pair to next level 1.5100/1.5160.

Overall trend reversal only above 1.5160 level.

On the downside major support is around 1.4980 and break below targets 1.4900/1.4880 level.

It is good to sell on rallies around 1.5000-1.50025 with SL around 1.5060 for the TP of 1.4910/1.4885
On 4hr chart possible inverted Head and Shoulder... if 1.49915 remains..
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