FxWirePro: GBP/USD faces strong resistance around 1.4480, good to sell on rallies

• Major resistance – 1.4480 (trend line joining 1.4663 and 1.4474)
   
• Major support -1.4350 (55 day EMA)
   
• Cable has retreated after making a high of 1.4450 level. It is currently trading around 1.43925.
   
• Short term trend is slightly bearish as long as resistance 1.44800 holds.
   
• Any break above 1.4480 will take the pair to next level around 1.4520/1.4580.
   
• On the lower side any break below 1.4350 will drag the pair till 1.4280/1.4200/1.4150 level.
   
• Short term bearish invalidation only if it closes above 1.4500 level.           

It is good to sell on rallies around 1.4410-1.4420 with SL around 1.4480 for the TP of 1.4210/1.4155