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GBP/USD has made a low of 1.53057 and slightly recovered from that level. It is currently trading at 1.5335.
- The pair is facing trend line resistance around 1.5355 (trend line joining 1.55067 and 1.54190) and break above confirms minor bullishness, a jump till 1.5400/1.5435 is possible.
- On the downside major support is around 1.5280 and any further weakness can be seen below that level. Break below 1.5280 will drag the pair till 1.5240/1.5200.
It is good to buy only above 1.53550 with SL around 1.5300 for the TP of 1.5430/1.5450
