GBP/USD trades well above 1.4300, jump till 1.4500 is possible

• Cable made a low of 1.4170 yesterday and started to recover from that level. It is currently trading around 1.43466.
  
  
• The pair has broken major resistance 1.4270 (tenken-Sen) and jumped till 1.43670.  
  
  
• On the top resistance is at 1.4370 and break above will take the pair to next resistance 1.4400/1.4500
  
  
• It will be facing psychological support at 1.4300 (55 day 4H EMA) and break below targets  1.4270/1.4250.
  
  
• Short term weakness only below 1.4250.

It is good to buy at dips around 1.4340 with SL at 1.4270 for the TP of 1.4500