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Long

Cable recovers from low of 1.5170, good to buy at dips

FX:GBPUSD   British Pound/U.S. Dollar
349 0 8
GBP/USD             has formed temporary bottom around 1.5160 and is recovering from that level. Further weakness can be seen only below 1.5160 level.

On the downside below 1.5160 will drag the pair further down till 1.5080/1.5000.

The minor resistance is around 1.5250 and any break above would extend gains till 1.5300/1.5350 in short term.

It is good to buy at declines around 1.5220 with SL around 1.5160 for the TP 1.5305/1.5350.

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