GBP/USD trades slightly below 21- day MA, targets 1.3100/1.3050
Major resistance- 1.3350. Major support -1.3155 (daily Kijun-Sen). Cable has broken minor support 1.3230 and declined till 1.31660 at the time of writing. It is currently trading around 1.3203. The pair should break abov…
Cable has broken minor support 1.3230 and declined till 1.31660 at the time of writing. It is currently trading around 1.3203.
The pair should break above 1.3350 for further bullishness. Any break above 1.3350 will take the pair to next level till 1.3400/1.3480. Any close above 1.3480 confirms major bullishness. The minor resistance is around 1.3280 (61.8% retracement of 1.3347 and 1.3165)/1.3350.
On the lower side, any break below 1.3155 will drag the pair down till 1.3100/1.3050.
It is good to buy above 1.3350 with SL around 1.3270 for the TP of 1.3480/1.3530
