GBP/USD breaks minor resistance around 1.4250, targets 1.4330
Major resistance – 1.4250
The pair has broken major resistance around 1.4250 and jumped till 1.42725 at the time of writing. Any break above 1.4250 will drag the pair up till 1.4300//1.4326 (55 day 4 EMA)/1.4340 level in short term.
Overall bearish invalidation only above 1.43600.
On the downside minor support is around 1.4210 (5 day MA) and any break below targets 1.4160/1.4120/1.4070 level. The minor support is around 1.4240.
It is good to buy at dips around 1.4270-75 with SL around 1.4240 for the TP of 1.4330/1.4358
The pair has broken major resistance around 1.4250 and jumped till 1.42725 at the time of writing. Any break above 1.4250 will drag the pair up till 1.4300//1.4326 (55 day 4 EMA)/1.4340 level in short term.
Overall bearish invalidation only above 1.43600.
On the downside minor support is around 1.4210 (5 day MA) and any break below targets 1.4160/1.4120/1.4070 level. The minor support is around 1.4240.
It is good to buy at dips around 1.4270-75 with SL around 1.4240 for the TP of 1.4330/1.4358
