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GBP/USD Trade idea

Major resistance -1.4450 (trend line joining 1.46680 and 1.45860) The pair has recovered after making a low of 1. term trend is slightly bullish as long as support 1.4320 holds. Any break below 1.4320 will drag the pair …

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GBP/USD Trade idea
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  • Major resistance -1.4450 (trend line joining 1.46680 and 1.45860)

  • The pair has recovered after making a low of 1. term trend is slightly bullish as long as support 1.4320 holds.

  • Any break below 1.4320 will drag the pair down till 1.4240 level. On the higher side break above 1.4450 confirms minor trend reversal, a jump till 1.4500/1.4570 is possible .

  • Overall bearish invalidation only above 1.4600.

It is good to buy above 1.4450 with SL around 1.4400 for the TP of 1.4500/1.4580

R1-1.4450

 R2-1.4505

R3-1.4580

Support

S1-1.4400

S2- 1.4350

S3-1.43200

 

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