GBPUSD 2016-01-18

Jan 18, 12:10 pm

GBP/USD

1.4280

Market managed to head toward our target 1.4250 while as advised before being in the oversold zone around 1.4200 levels

so far market showing short run downtrend pressure as long as market holding trades below 1.4360

as log as market sustain trades below 1.4360 the market may deepen in the oversold zone where 1.4000-50 would consider the next zone to re-long-buy market for some rebound correction

above 1.4370 market may obtain more advance toward 1.4440-70 zone

  Support Resistence
Level 1 1.4250 1.4370
Level 2 1.4190 1.4440-70
Level 3 1.4090 1.4530
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