FxWirePro: GBP/USD faces strong resistance at 1.4265, good to sell on rallies

• Major resistance - 1.4265 (trend line joining 1.46680 and 1.45780 and 200 day 4H MA)
   
• The pair has retreated after making a high of 1.4248. It is currently trading around 1.41930.
   
• Short term trend is slightly weak as long as resistance 1.4260 holds.
   
• On the lower side minor support is around 1.4175 and break below targets 1.4100/1.4045.
   
• Any break above trend line resistance confirms minor trend reversal, a jump till 1.4300/1.4400 is possible.

It is good to sell on rallies around 1.4200-1.42025 with SL around 1.4265 for the TP of 1.4100/1.4045