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GBP/USD breaks major support 1.4800,dip till 1.4650 is possibel

RES 4: 1.5000 RES 3: 1.4950 RES 2: 1.4900 RES 1: 1.4866 (200 day HMA) PRICE: 1.477@ 03:30 GMT SUP 1: 1.4797 (20 day HMA) SUP 2: 1.4720 SUP 3:1.46430 SUP 4: 1.4500 Intraday trend -Bearish GBP/USD is trading around 1.47739…

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  • RES 4: 1.5000


  • RES 3: 1.4950


  •  RES 2: 1.4900


  •  RES 1: 1.4866 (200 day HMA)

    PRICE: 1.477@ 03:30 GMT 

  • SUP 1: 1.4797 (20 day HMA)


  • SUP 2: 1.4720


  • SUP 3:1.46430


  • SUP 4: 1.4500

Intraday trend -Bearish

GBP/USD is trading around 1.47739 after making a short term low of 1. term trend is bullish as long as resistance 1.4900 holds. Weekly trend is bearish as long as resistance 1.5165 holds.

It is good to sell on rallies around 1.4825 for the target of 1.4650.

 

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