GBP/USD breaks major support 1.4216, targets 1.4100/1.4050
Major resistance -1.4286 (Tenken-Sen) Major support -1.4216 The pair has retreated after making a high of 1.42687 at the time of writing. It is currently trading around 1.42069. Short term trend is weak as long as resist…
The pair has retreated after making a high of 1.42687 at the time of writing. It is currently trading around 1.42069.
Short term trend is weak as long as resistance 1.42860 holds. Any break above 1.42860 will take the pair to next level till 1.4340/1.4380. Overall bearish invalidation will happen if it closes above 1.4400.
On the lower any break below 1.4216 will drag the pair down till 1.4150/1.4100/1.4050 level.
It is good to sell around 1.42100 with SL around 1.42860 for the TP of 1.4100/1.4050
