GBP/USD struggles to break above 1.4020, good to sell on rallies
Minor resistance -1.4020
Major resistance -1.4085
The pair has recovered from the low of 1.38780 till 1.40194 time of writing. Short term trend is still weak as long as resistance 1.40850 holds.
On the lower side major support is around 1.3950 and any break below targets 1.3900/1.3880/1.3825 level.
Major resistance is around 1.4020 and break above targets 1.4085/1.4195.
Short term bearish invalidation only above 1.4200.
It is good to sell on rallies around 1.4050-1.4100 with SL around 1.4850 for the TP of 1.3820
Major resistance -1.4085
The pair has recovered from the low of 1.38780 till 1.40194 time of writing. Short term trend is still weak as long as resistance 1.40850 holds.
On the lower side major support is around 1.3950 and any break below targets 1.3900/1.3880/1.3825 level.
Major resistance is around 1.4020 and break above targets 1.4085/1.4195.
Short term bearish invalidation only above 1.4200.
It is good to sell on rallies around 1.4050-1.4100 with SL around 1.4850 for the TP of 1.3820
