GBP/USD takes support near 200 day 15 min MA, targets 1.5580

Cable has taken support near 1.5490 and recovered from that level. Intraday is bullish as long as support 1.5490 holds.

On the upside minor resistance is around 1.5530 and above that would extend gains till 1.5550/1.5580.

Short term bullish invalidation only below 1.5400.

It is good to buy around 1.55100 with SL around 1.5485 for the TP of 1.5580.