Yesterday GBPUSD tested again resistance at 1.4400. It was fourth test since last two months and it has finished with rebound. From the other hand supply is also weak because in this particular time 1.4060 level was stopping all declines.
If consolidation is breaks above and the price moves up, goal for demand will be located at 1.4600. This last mentioned level is very strong and we can’t count on it fast breakout. Due to this movement 200 pips is everything what we count on. Alternatively if supply wins goal of falls will be located at 1.4060 but on the way there are supports at: 1.4290, 1.4200.
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