GBP/USD Trade Idea

• Potential Reversal Zone (PRZ) - 1.5250 (trend line joining 1.5799 and 1.55069)
   
• The pair has made a high of 1.52395 and retreated from that level. It is currently trading around 1.51521.
   
• On the lower side major support is around 1.51500 and break below targets 1.5100/1.5050 level.
   
• It is facing minor resistance around 1.5180 and break above will take the pair to next level around 1.5220/1.52500.
   
• Further bullishness only above 1.5250.

It is good to sell on rallies around 1.5200 with SL around 1.5250 for the TP of  1.5100/1.5070

R1-1.5180

 R2-1.5220

R3-1.5250

Support

S1-1.5150

S2-1.5100

S3-1.5070