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Cable breaks major resistance 1.3185, targets 1.3310

Tuesday, August 23, 2016 8:24 AM UTC

Major intraday support - 1.3120 (34 H EMA)
GBP/USD has broken major resistance 1.3185 and a jump till 1.3310 (23.6% retracement of 1.51086 and 1.27893) is possible.
Any break above 1.3185 confirms minor trend reversal, a minor weakness can be seen only below 1.31000.The minor support is around 1.3120
Overall weakness only below 1.3000 level.

It is good to buy on dips around 1.3185 with SL around 1.3100 for the TP of 1.3310

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Cable breaks major resistance 1.3185, targets 1.3310

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