GBPUSD 2014-10-28

Oct 28, 1:39 pm

GBP/USD: 1.6110

Pound under drop pressure, while rebound correction on sight

Short-run

market managed to jump above 1.6125 which give the market another advance where resistance now at 1.6190-1.6225 zone ; in case any successful close on daily chart higher than 1.6130

market failed to break above 1.6225 where market may head toward trading zone between 1.5960 – 1.6225 , above 1.6225 expect 1.6320-40 zone

as long as market holding trades above 1.5950 another rebound toward 1.6290 will be expected , while below 1.5950 market may sustain drop to break below 1.5850

Daily Trend: Down
Weekly Trend: Down

 SupportResistence
Level 11.60001.6130
Level 21.59501.6225
Level 31.58501.6290
Short term strategy: flat
(Visited 8 times, 1 visits today)