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FxWirePro: GBP/USD faces strong resistance around 1.4060, good to sell on rallies

  • Minor resistance -1.3980
     
  • Major resistance -1.4060
     
  • The pair has recovered from the low of 1.383 till 1.39793 at the time of writing. Short term trend is still weak as long as resistance 1.4060 holds.
     
  •  On the lower side major support is around 1.3880 and any break below targets 1.3835/1.3800 level.
     
  • Major resistance is around 1.3980 and break above targets 1.4060//1.4085/1.4195.
     
  • Short term bearish invalidation only above 1.4200.

It is good to sell on rallies around 1.4005-1.4010 with SL around 1.40600 for the TP of 1.3880

 

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