Quick Look GBP/USD – Sell on rise unless breaks above 1.4436

Daily chart

gbpusd

Sterling’s rcovry from near 1.4330 (23.6% of 1.5930-1.3835) indicates the bird may re-test 1.4436.

But only a break above 1.4436 would open doors for fresh longs and a rally to 1.45 levels.

On the lower side, a failure to sustain above 1.4378 would open doors for a drop to 1.4330. a break lower would expose 1.4292 (5-DMA).

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