GBPUSD 2015-01-27
GBP/USD: 1.5075
Pound under drop pressure
market managed to fell after ECB announced QE program , while market managed to break below 1.5035 which initiate new downtrend wave that may target 1.4800 as first target
below 1.4800 market may add more drop pressure where target would be toward 1.4300-1.4400 zone
market managed to jump above 1.5060 which indicating ability for another test of 1.5175 zone
the downtrend wave still protected by 1.5270 resistance zone , where as long as market holding trades below 1.5270 the downtrend will back to affect market
Daily Trend: Down
Weekly Trend: Down
Support | Resistence | |
Level 1 | 1.5035 | 1.5135 |
Level 2 | 1.4980 | 1.5180 |
Level 3 | 1.4800 | 1.5270 |