FxWirePro: GBP/USD fails to break resistance at 1.4451 levels, good to sell on rallies
GBP/USD rebounded strongly towards 1.4450 levels earlier in mid European session. However, the pair turned back after failing to break resistance level 1.4460, as the pound ran out of strength against US dollar. The pair…
GBP/USD rebounded strongly towards 1.4450 levels earlier in mid European session. However, the pair turned back after failing to break resistance level 1.4460, as the pound ran out of strength against US dollar.
The pair has to break resistance level at 1.4460 levels in order find any bullish momentum, unless until trend continues to be strongly bearish for this pair.
To the upside, the strong resistance can be seen at 1.4460, a break above this level would expose the cable to next resistance level at 1.4516.
To the downside immediate support can be seen at 1.4332, a break below at this level will open the door towards next level at 1.4275.
