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FxWirePro: Sell GBP/USD on rallies around 1.4305 with SL around 1.4360 for the TP of 1.4240/1.4180

Major support - 1.4320 Major resistance -1.4360 (support turned into resistance) The pair has broken major support 1.4320 and declined till 1.42769. It is currently trading around 1.42998. Short term trend is bearish as …

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  • Major support - 1.4320 
     
  • Major resistance -1.4360 (support turned into resistance)
     
  • The pair has broken major support 1.4320 and declined till 1.42769. It is currently trading around 1.42998. Short term trend is bearish as long as resistance 1.4360 holds.
     
  • On the lower side minor support is around 1.4280 and break below targets 1.4240/1.4180/1.4140.
     
  • Any break above 1.4360 will take the pair till 1.44400/1.4450 level.

It is good to sell on rallies around 1.4305 with SL around 1.4360 for the TP of 1.4240/1.4180

 

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