GBP/USD faces strong resistance around 1.4450, break above targets 1.4580
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 …
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
