GBP/USD faces intraday support at 1.5480, good to buy at dips

GBP/USD has made a high of 1.5549 on Friday and declined till 1.5465. Intraday trend is bullish as long as support 1.5480 holds.

Any break below 1.5480 will drag the pair further down till 1.5450/1.5400 in short term.

The pair’s resistance is at 1.5550 and break above would extend gains till 1.5580/1.5630.

It is good to buy at 1.5508 with SL around 1.5475 for the TP of 1.5580/1.5630