GBPUSD 2016-01-13
GBP/USD
1.4430
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 1.4500 the downtrend pressure will sustain toward more drop where 1.4240 would be the target
above 1.4510 market may head for farther rebound toward 1.4600-45 zone
any prices at 1.4240 and below will consider as oversold zone for the short-run
Support | Resistence | |
Level 1 | 1.4405 | 1.4500 |
Level 2 | 1.4340 | 1.4645 |
Level 3 | 1.4230-50 | 1.4695 |