TipTVFinance

GBP/USD - Intraday bearish invalidation as 1.4468 is breached

FX:GBPUSD   British Pound / U.S. Dollar
Sterling’s rebound from near 100-SMA support followed by an hourly closing above 1.4468 (23.6% of 1.4770-1.4374 would indicate intraday bearish invalidation and open doors for a rise to 1.4549 (23.6% of 1.43835-1.4770).

However, failure to sustain above 1.4468 would shift risk in favor of sideways to bearish action.

(Pair dropped to 100-SMA as expected earlier today)
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