GBP/USD forms Gravestone doji pattern, good to sell on rallies
Candlestick Pattern- Gravestone Doji
Major resistance – 1.4460
The pair has made a high of 1.4459 yesterday and declined till 1.4325 at the time of writing. It is currently trading around 1.43825.
Short term trend is weak as long as resistance 1.4460 holds. Any break above 1.4460 will take the pair to next level till 1.4520/1.4580.
On the lower side major support is around 1.4320 and break below will drag the pair till 1.4250/1.4180.
It is good to sell on rallies around 1.4400 with SL around 1.4460 for the TP of 1.4255/1.4180
Major resistance – 1.4460
The pair has made a high of 1.4459 yesterday and declined till 1.4325 at the time of writing. It is currently trading around 1.43825.
Short term trend is weak as long as resistance 1.4460 holds. Any break above 1.4460 will take the pair to next level till 1.4520/1.4580.
On the lower side major support is around 1.4320 and break below will drag the pair till 1.4250/1.4180.
It is good to sell on rallies around 1.4400 with SL around 1.4460 for the TP of 1.4255/1.4180