GBP/USD update - Bulls need break above 1.4444
Resistance – 1.4444, 1.4479, 1.4514
Support – 1.4405, 1.4367, 1.4345-1.4330
A slight improvement in the UK international trade situation in March has not really helped Cable rally. The bird still stays below resistance at 1.4444. An upside break is needed if the pair has to test 1.4479-1.45 levels.
Watch out for a failed attempt to take out 1.4444 as it could end up in a fresh drop to 100-SMA of 1.4367 levels.
Support – 1.4405, 1.4367, 1.4345-1.4330
A slight improvement in the UK international trade situation in March has not really helped Cable rally. The bird still stays below resistance at 1.4444. An upside break is needed if the pair has to test 1.4479-1.45 levels.
Watch out for a failed attempt to take out 1.4444 as it could end up in a fresh drop to 100-SMA of 1.4367 levels.
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