GBP/USD Trade Idea

• Major support - 1.4200 (trend line joining 1.4350 and 1.42443)
   
• The pair breaks major support 1.4200 and declined till 1.4157. It is currently trading around 1.41735.
   
• Short term trend is slightly weak as long as resistance 1.4280 holds.
   
• On the lower side any break below 1.4200 will drag the pair down till 1.4140/1.40780.
   
• Overall bearish invalidation only if it closes above 1.4580.

It is good to sell on rallies around 1.4195-1.4200 with SL around 1.4260 for the TP of 1.4080

R1-1.4280

 R2-1.4360

R3-1.4420

Support

S1-1.4140

S2- 1.4075

S3-1.4000