Thursday, October 15, 2026

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FxWirePro: GBP/USD faces strong resistance around 1.4020, good to sell on rallies

Major resistance -1.4020 The pair has recovered from the low of 1.38780 till 1.39633 at the time of writing. Short term trend is still weak as long as resistance 1.4200 holds. On the lower side major support is around 1.…

By Lis Howell
1 min read
FxWirePro: GBP/USD faces strong resistance around 1.4020, good to sell on rallies
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  • Major resistance -1.4020

  • The pair has recovered from the low of 1.38780 till 1.39633 at the time of writing. Short term trend is still weak as long as resistance 1.4200 holds.

  •  On the lower side major support is around 1.3880 and any break below targets  1.3826/1.3800 level.

  • Major resistance is around 1.4020 and break above targets 1.4080/1.4195.

  • Short term bearish invalidation only above 1.4200.

It is good to sell on rallies around 1.39600 with SL around 1.4020 for the TP of 1.3820

 

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By FxWirePro Team