GBP/USD Trade Idea

• Major support -1.4050 (Mar 16th low)
   
• Minor resistance -1.4100 (trend line joining 1.4120 and 1.4104)
   
• The pair has once recovered after making a low of 1.40580.  it is currently trading around 1.40872.
   
• The minor resistance is around 1.4100 and slight bullishness can be seen only above 1.4100.
   
• Any break above 1.4100 will take the pair till 1.4167/1.4200/1.4250.
   
• Short term bearish invalidation only above 1.4250.
   
• On the lower side any break below 1.4050 will drag the pair down till 1.4000/1.3970 level.

It is good to buy above 1.4100 with SL around 1.4050 for the TP of 1.4200/1.4245

R1-1.4100

R2-1.4167

R3-  1.4200

Support

S1- 1.4050

S2-1.4000

S3-1.3970