Technicals

Add as a preferred source on Google

GBP/USD faces strong resistance at 1.4460, break above targets 1.4515/1.4545

Major resistance – 1.4460 Major intraday support- 1.4400 The pair has retreated till 1.44025 at the time of writing after making a high of 1.44570. It is currently trading around 1.44504. Intraday trend is slightly bulli…

1 min read
EconoTimes — Reading the Times. Understanding the Future.

Read the original article

  • Major resistance – 1.4460
     
  • Major intraday support- 1.4400
     
  • The pair has retreated till 1.44025 at the time of writing after making a high of 1.44570. It is currently trading around 1.44504.
     
  • Intraday trend is slightly bullish as long as support 1.4400 holds.
     
  • Any violation below 1.4400 will drag the pair down till 1.4370/1.4320/1.4280 in short term.
     
  • On the higher any indicative break above 1.4460 will take the pair to next level till 1.45150/1.4545/1.4600.

It is good to buy above 1.4460 with SL around 1.4400 for the TP of 1.4515/1.4545/1.4580

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560