FxWirePro
Long

Buy GBP/USD above 1.30920

FX:GBPUSD   British Pound/U.S. Dollar
221 0 6
Major resistance- 1.3092 (Sep 19th high).

Major intraday support – 1.3038 (100- HMA).

Cable has recovered sharply from the low of 1.29537 after Fed meeting. It is currently trading around 1.30650.

On the higher side, major resistance is around 1.30920 and any break above will take the pair to next level till 1.3142 (200- HMA)/1.3195 ( 50% retracement of 1.3445 and 1.29450).

Cable’s intraday resistance stands at 1.3038 (100- HMA) and any violation below will drag the pair down till 1.3000/1.2950.

It is good to buy only above 1.30920 with SL around 1.3038 for the TP of 1.3140/1.31950
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