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GBP/USD has jumped till 1.41949 in the morning and started to decline from that level. It is currently trading around 1.4123.
- Intraday trend is still weak as long as resistance 1.4200 holds.
- Any break above 1.4200 will take the pair to next level 1.4235/1.4250. On the downside support is around 1.4120 and break below targets 1.4000/1.4365.
- Overall bearish invalidation only above 1.4360.
It is good to sell on rallies around 1.4140-45 with SL around 1.420 for the TP of 1.4000/1.4365.
