GBP/USD trades below trend line support, targets 1.4350

FX:GBPUSD   British Pound / U.S. Dollar
203 0 2
Minor Support – 1.4450( trend line joining 1.4149 and 1.43828)

Cable has broken minor support 1.4450 and declined till 1.44130. It is currently trading around 1.44207.

Intraday trend is weak as long as resistance 1.4470 (55 day H EMA ) holds. Any break above 1.4470 will take the pair till 1.4500/1.4570 level.

Short term bearish invalidation only above 1.4580.

On the lower side major support is around 1.4380 and break below targets 1.4350/1.4320.

It is good to Sell on rallies around 1.4425 with SL around 1.4480 for the TP of 1.4380/1.4350
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