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Short

GBP/USD faces resistance around 1.4365, good to sell on rallies

FX:GBPUSD   British Pound / U.S. Dollar
295 1 3
Cable has made a high of 1.43626 and started to decline from that level. It is currently trading at 1.42750.

Short term trend is weak as long as resistance 1.4365 holds. Any break above 1.4365 will take the till 1.4400/1.4500 level.

The pair’s upside is capped at 1.43300 (cloud top) and break above 1.4330 will take the pair till 1.4362 (22nd Jan high)/1.4450 (cloud bottom).

Overall bearish invalidation only above 1.4500.

On the lower side minor support is around 1.4250 and break below targets 1.4200/1.4120/1.4070.

It is good to sell on rallies around 1.4300-.4305 with SL around 1.4365 for the TP of 1.4200/1.4120


nice ,I agreed with you.
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