GBPUSD 2015-01-07
GBP/USD: 1.5130
Pound under drop pressure
market managed to sustain drop where managed last week to hit our target toward 1.5380
market sustin drop below this target where as we see over the chart market facing support trend around 1.5100-25 zone
as long as market holding daily close above 1.5100 the ability for short-run to obtain rebound correction will sustain
below 1.5100 market may enter new downtrend wave which may target 1.4800 and lower
first resistance at 1.5340 where as long as market holding trades below this level the downtrend pressure will sustain
Daily Trend: Down
Weekly Trend: Down
Support | Resistence | |
Level 1 | 1.5100-25 | 1.5340 |
Level 2 | 1.5000 | 1.5460 |
Level 3 | 1.4925 | 1.5575 |