GBP/USD faces strong resistance around 1.5800, targets 1.5925

GBP/USD is facing strong resistance around 1.5800 and any break above confirms short term bullishness, a jump till 1.5927 cannot be ruled out .

On the downside major support is around 1.5745 and break below targets 1.5680/1.5630 in short term.

The pair’s minor resistance is around 1.5850 (161.8% retracement of 1.5688 and 1.5425) and break above targets 1.5900/1.5927.

It is good to buy only above 1.5800 with SL around 1.5745 for the TP of 1.5850/1.5925