GBP/USD Trade Idea

• 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 1.40850 for the TP of 1.3820

R1-1.4020

 R2-1.4050

R3-1.4085

Support

S1-1.3950

S2- 1.3880

S3-1.3825