FxWirePro: GBP/USD downside capped by 10- day MA, good to buy on dips
GBP/USD rebounds today after hitting low of 1.3450 at the time of writing. The pair jumped till 1.35245 from the intraday low and is currently trading around 1.35283. The pair on the higher side is facing major resistanc…
GBP/USD rebounds today after hitting low of 1.3450 at the time of writing. The pair jumped till 1.35245 from the intraday low and is currently trading around 1.35283.
The pair on the higher side is facing major resistance around 1.3660 and any break above will take the pair to next level to 1.3700/1.3800 level.
The near term psychological support is around 1.3500 and any break below will drag the pair down till 1.34500/1.3400. Any break below 1.3400 (233- HMA) will confirm minor bearishness.
It is good to buy on dips 1.3460-65 with SL around 1.3400 for the TP of 1.3660.