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Long

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

FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
385 0 11
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
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