GBP/USD Trade Idea

• Harmonic Pattern Formed - Bearish Gartley pattern
   
• Potential Reversal Zone (PRZ) -1.5250
   
• The pair has broken short term resistance 1.5160 and is holding well above that level. It is currently trading around 1.51750.
   
• Any break above PRZ will take the pair till 1.5280/1.5300/1.5340 level. The pair's minor resistance is around 1.5190 and break above targets 1.5220/1.5250.
• On the lower side the pair's support is around 1.5160 (resistance turned into support) and break below will drag the pair further down till 1.5100/1.5050 level.

It is good to sell on rallies around 1.5250 with SL around 1.5300 for the TP of 1.5155/1.5100

R1-1.5220

 R2-1.5250

R3-1.5305

Support

S1- 1.5150

S2-1.5100

S3-1.5050