FxWirePro
Short

GBP/USD breaks minor trend line support, targets 1.5200

FX:GBPUSD   British Pound/U.S. Dollar
415 1 10
Cable has broken major trend line support around 1.5300 (trend line joining 1.5106 and 1.5199) and break below confirms short term weakness, a decline till 1.5260/1.5200 is possible.

On the higher side major trend reversal only above 1.5350.

Any break above 1.5350 will take the pair to next level till 1.5380/1.5435.

Overall trend reversal only above 1.5380 level.

It is good to sell on rallies around 1.5302-1.5305 with SL around 1.5360 for the TP of 1.5260/1.5200
SamuelHorton
a year ago
Good analysis. Thanks for this.
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