Cable breaks major support 1.4350, targets 1.4200

FX:GBPUSD   British Pound / U.S. Dollar
200 1 10
Major Support - 1.4350

Major Intraday resistance - 1.4400

The pair has broken major support 1.4350 and declined till 1.4335 at the time of writing. It is currently trading around 1.4345.

Short term trend is weak as long as resistance 1.4400 holds.

Any break above will take the pair to next levels at 1.4450/1.4500. Short term bearish invalidation only above 1.4520.

On the lower side any break below 1.4350 will drag the pair down till 1.4280/1.4260/1.4200

It is good to sell on rallies around 1.4335-1.4340 with SL around 1.4400 for the TP of 1.4260/1.4200/1.4150
the price is currently resting at 23,6 fibo on weekly chart....a VERY strong support. look for breakouts now in 20 minutes when CPI is released. good opportunity to go short or long when we get the figures
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out