FxWirePro: GBP/USD declines after making a high of 1.3375, good to buy on dips
Major resistance- 1.3375 (Sep 5th high). Major support - 1.3240 (3- day EMA). Cable has declined till 1.32882 after making a high of 1.3375. It is currently trading around 1.33473. Any break above 1.3375 confirms major t…
Cable has declined till 1.32882 after making a high of 1.3375. It is currently trading around 1.33473.
Any break above 1.3375 confirms major trend reversal, a jump till 1.3400/1.3480 is possible.
On the lower side major support is around 1.3290 (55- H EMA) and break below targets 1.3240/1.3175 (10- day MA).The major support is at 1.3192 (10 day-MA)
It is good to buy on dips around 1.3330 with SL around 1.3280 for the TP of 1.3400/1.3480
