FxWirePro
Long

GBP/USD faces major support at 1.4180, good to buy at dips

FX:GBPUSD   British Pound/U.S. Dollar
572 2 13
Major Support – 1.4185 (200 day MA)

Cable has recovered yesterday after making a low of 1.41965 (near 200 HMA) .It is currently trading around 1.42391.

Intraday trend is slightly bullish as long as support 1.4185 holds.

Any break below 1.4185 will drag the pair down till 1.4100/1.4040.Overall bullish invalidation only below 1.4000.

On the higher side resistance is around 1.4280 and break above targets 1.4320/1.4350.

The pair should close above 1.4400 for further upside.

It is good to buy at dips around 1.4220 with SL around 1.4180 for the TP of 1.4320/1.4345.
ThatoTumelo
8 months ago
but it broke the trendline
Reply
ashim2712 ThatoTumelo
8 months ago
look to sell if it breaks below 1.4185
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out