GBP/USD faces major resistance at 1.4190,good to sell on rallies
Major resistance – 1.4190
Cable has made a low of 1.40573 and slightly recovered till 1.41678 from that level. It is currently trading around 1.41228.
Short term trend is still weak as long as resistance 1.4190 holds.
Any break above 1.4190 will take the pair to next level till 1.4250/1.4300 level.
On the lower side major support is around 1.4050 and break below targets 1.40202/1.39820.
It is good to sell on rallies around 1.4125-1.4130 with SL around 1.4190 for the TP of 1.4202/1.39825
Cable has made a low of 1.40573 and slightly recovered till 1.41678 from that level. It is currently trading around 1.41228.
Short term trend is still weak as long as resistance 1.4190 holds.
Any break above 1.4190 will take the pair to next level till 1.4250/1.4300 level.
On the lower side major support is around 1.4050 and break below targets 1.40202/1.39820.
It is good to sell on rallies around 1.4125-1.4130 with SL around 1.4190 for the TP of 1.4202/1.39825