FxWirePro
Long

GBP/USD breaks minor resistance around 1.4250, targets 1.4330

FX:GBPUSD   British Pound/U.S. Dollar
278 1 5
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
yossih
10 months ago
thanks!
Reply
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