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Short

GBP/USD struggles to close above 1.5670, good to sell on rallies

FX:GBPUSD   British Pound/U.S. Dollar
297 0 7
GBP/USD             has formed a major top around 1.56750-1.5688 and is struggling to break above that level. Overall trend is still weak as long as resistance 1.5690 holds .

On the downside minor support is around 1.5580 and any break below will extend gains till 1.5525/1.5465/1.5430.

The pair’s minor resistance is around 1.5630 and any break above will target 1.5670/1.56885.

Overall bullish invalidation if it closes above 1.5670 level.

It is good to sell on rallies around 1.5630-35 with SL around 1.5675 for the TP of 1.5525/1.5460.
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