GBPUSD 2016-01-12

Jan 12 2016, 12:10 pm

GBP/USD

1.4445

as we see over the chart British Bound still holding trades below downtrend line where trend-line resistance at 1.4645

as long as market holding trades below 1.4645 the downtrend movement will sustain toward 1.4405 zone

Market triggered farther drop today as market closing to our target 1.4405

market may obtain small trading zone between 1.4400 & 1.4500 while as long as market holding trades below 1.4500 a chance for farther drop may be at hand toward 1.4250

  Support Resistence
Level 1 1.4405 1.4500
Level 2 1.4340 1.4645
Level 3 1.4230-50 1.4695
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