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Long

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

FX:GBPUSD   Pound Sterling/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.
but it broke the trendline
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ashim2712 ThatoTumelo
look to sell if it breaks below 1.4185
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