GBP/USD struggles to close above 1.5670, good to sell on rallies
GBP/USD has formed a major top around 1.56750-1.5688 and is struggling to break above that level. Overall trend is still weak as long as resistance 1.5690 holds .
On the downside minor support is around 1.5580 and any break below will extend gains till 1.5525/1.5465/1.5430.
The pair’s minor resistance is around 1.5630 and any break above will target 1.5670/1.56885.
Overall bullish invalidation if it closes above 1.5670 level.
It is good to sell on rallies around 1.5630-35 with SL around 1.5675 for the TP of 1.5525/1.5460.
On the downside minor support is around 1.5580 and any break below will extend gains till 1.5525/1.5465/1.5430.
The pair’s minor resistance is around 1.5630 and any break above will target 1.5670/1.56885.
Overall bullish invalidation if it closes above 1.5670 level.
It is good to sell on rallies around 1.5630-35 with SL around 1.5675 for the TP of 1.5525/1.5460.