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GBP/USD faces strong support at 1.4100, break below targets 1.4000/1.3915

Major support – 1.4100 Minor resistance – 1.4160 Major resistance -1.4210 GBP/USD has slightly recovered after making a low of 1.4123 at the time of writing. It is currently trading around 1.41322. Intraday trend is weak…

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GBP/USD faces strong support at 1.4100, break below targets 1.4000/1.3915
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  • Major support – 1.4100
     
  • Minor resistance – 1.4160
     
  • Major resistance -1.4210
     
  • GBP/USD has slightly recovered after making a low of 1.4123 at the time of writing. It is currently trading around 1.41322.
     
  • Intraday trend is weak as long as resistance 1.4160 holds. Any break above 1.4160 will take the pair to next level 1.4210/1.4250.
     
  • On the lower side major support is around 1.4100 and break below targets 1.4045/1.4000/1.3915.

It is good to sell below 1.4100 with SL around 1.4160 for the TP of 1.4000/1.3915/1.3835

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