Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: Sell GBP/USD on rallies around 1.5203-205 with SL of 1.5251 for the TP of 1.5135/1.5051

  • Cable has broken major support 1.5200 and declined till 1.5135 on Friday. It is currently trading at 1.5203.

  • Short term trend is still weak as long as resistance 1.5250 holds.

  • Any break above 1.5250 will take the pair to next target 1.5285/1.5335 in short term.

  • On the downside  minor support is around 1.5180 and any break below targets 1.5135/1.5050.

It is good to sell on rallies around 1.5203-205 with SL of 1.5251 for the TP of 1.5135/1.5051

 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.