GBP/USD breaks major support at 1.43650, decline till 1.4240 is possible

• Major support – 1.4367 (200 day 4H MA)
   
• Major resistance – 1.4450 (55 day 4 H EMA)
   
• Cable has broken major support 1.4367 and declined till 1.4342. It is currently trading around 1.4354.
   
• On the lower side any break below 1.4365 will drag the pair down till 1.4300/1.4270.
   
• The pair’s minor resistance is around 1.4400 (4H Tenken-Sen) and any break above targets 1.4450/1.4530 level.
   
• Overall bearish invalidation only above 1.4600.

It is good to sell on rallies around 1.4365-1.4370 with SL around 1.4410 for the TP of 1.4300/1.4240