GBPUSD 2016-01-14

Jan 14, 12:11 pm

GBP/USD

1.4375

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 around 1.4200 zone will consider as oversold zone for the short-run which may demand rebound correction

watch market carefully as today MPC meeting for rate outlook

  Support Resistence
Level 1 1.4350 1.4500
Level 2 1.4260 1.4645
Level 3 1.4200 1.4695
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