GBPUSD 2016-01-13

Jan 13, 12:10 pm

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
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