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FxWirePro: GBP/USD struggles to break above 1.4020, good to sell on rallies

  • Minor resistance -1.4020
     
  • Major resistance -1.4085
     
  • The pair has recovered from the low of 1.38780 till 1.40194 time of writing. Short term trend is still weak as long as resistance 1.40850 holds.
     
  •  On the lower side major support is around 1.3950 and any break below targets 1.3900/1.3880/1.3825 level.
     
  • Major resistance is around 1.4020 and break above targets 1.4085/1.4195.
     
  • Short term bearish invalidation only above 1.4200.

It is good to sell on rallies around 1.4050-1.4100 with SL around 1.4850 for the TP of 1.3820

 

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