GBP/USD Trade idea

• GBP/USD has recovered from the low of 1.5423 (Aug 7^th low) till 1.5658 yesterday. Cable has once again retreated from that level. 
  
  
• Overall trend is still weak as long as resistance 1.5690 holds.
  
  
• On the lower side minor support is around 1.5580 and any break below targets 1.5525/1.5480/1.5455 in short term.
  
  
• Any break above 1.5630 will extend gains till 1.5650/1.5690.

It is good to sell on rallies around 1.5650-60 with SL around 1.5690 for the TP of 1.5490/1.5465.

Resistance

R1- 1.5630

R2-1.5655

R3- 1.5690

Support

S1-1.5580

S2-1.5525

S3-1.5465