GBP/USD, after '200 pips fail brake', the Pound can't brake 1.4950/90!

gbp-usd 25.03.

After March 18., (FOMC) and huge 200 pips fail brake, the Pound can’t manage 1.4950/90 for five days in a row. Previous strong down trendline ‘still works’, previous support, now strong resistance at 1.4950/90 as well. First support holds on the way down at 1.4830/40 for the last three days in a row, stronger one is down to 1.4700 and 1.4630. H4 up trendline could push the pair up again from 1.4870, check that if you are searching for long short term entry to 1.4950 again, but that will be hard to brake as you can see here. A very interesting technical daily chart.

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