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FxWirePro: GBP/USD forms Gravestone doji pattern, good to sell on rallies

Candlestick Pattern- Gravestone Doji Major resistance – 1.4460 The pair has made a high of 1.4459 yesterday and declined till 1.4325 at the time of writing. It is currently trading around 1.43825. Short term trend is wea…

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FxWirePro: GBP/USD forms Gravestone doji pattern, good to sell on rallies
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  • Candlestick Pattern- Gravestone Doji
     
  • Major resistance – 1.4460
     
  • The pair has made a high of 1.4459 yesterday and declined till 1.4325 at the time of writing. It is currently trading around 1.43825.
     
  • Short term trend is weak as long as resistance 1.4460 holds. Any break above 1.4460 will take the pair to next level till 1.4520/1.4580.
     
  • On the lower side major support is around 1.4320 and break below will drag the pair till 1.4250/1.4180.

 It is good to sell on rallies around 1.4400 with SL around 1.4460 for the TP of 1.4255/1.4180

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