GBP/USD looking oversold s/t by Milan Cutkovic

Cable had a decent bounce off the 1.5025 support area today
The pair failed to sustain momentum above 1.51, but is heavily oversold in the short-term and there is decent risk of a short squeeze
1.5190/1.52 is the next major resistance area
That being said, the overall trend remains clearly negative and selling large rallies is the preferred strategy
The first bear target is 1.4948, with 1.4800 then the next major level