GBP/USD faces resistance around 1.42, good to sell on rallies
GBP/USD has jumped till 1.41949 in the morning and started to decline from that level. It is currently trading around 1.4123.
Intraday trend is still weak as long as resistance 1.4200 holds.
Any break above 1.4200 will take the pair to next level 1.4235/1.4250. On the downside support is around 1.4120 and break below targets 1.4000/1.4365.
Overall bearish invalidation only above 1.4360.
It is good to sell on rallies around 1.4140-45 with SL around 1.420 for the TP of 1.4000/1.4365
Intraday trend is still weak as long as resistance 1.4200 holds.
Any break above 1.4200 will take the pair to next level 1.4235/1.4250. On the downside support is around 1.4120 and break below targets 1.4000/1.4365.
Overall bearish invalidation only above 1.4360.
It is good to sell on rallies around 1.4140-45 with SL around 1.420 for the TP of 1.4000/1.4365