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Short

GBP/USD faces struggles to break above 1.4450, targets 1.4300

FX:GBPUSD   British Pound/U.S. Dollar
235 0 3
Major resistance -1.4440 ( trend line joining 1.43626 and 1.44074)

The pair has broken major trend line resistance yesterday but not be able to hold at higher levels. Cable has started to fall after making a high of 1.4448. It is currently trading around 1.44076.

On the higher side any break above 1.4450 will take the pair to next level around 1.4500/1.4600.

The pair’s support is around 1.4370 and break below targets 1.4300/1.4240.

It is good to sell on rallies around 1.4090-1.4100 with SL around 1.4450 for the TP of 1.4350/1.4300
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