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Add as a preferred source on Google 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…
By FxWire Pro Mar 16, 2016, 5:54 AM UTC
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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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