GBPUSD 2016-01-27

Jan 27 2016, 12:30 pm

GBP/USD

1.4310

As we see over the chart market managed to jump above downtrend line where managed to re-test resistance 1.4360-70 again

as long as market holding trades above 1.4270 will expect market to sustain strength to break above 1.4370 and head toward our second target 1.4525.

below 1.4260-70 market may have chance to test 1.4130 which may give another opportunity for another advance market toward 1.4525 zone

this model will be corrupted below 1.4075

  Support Resistence
Level 1 1.4270 1.4360-70
Level 2 1.4130 1.4445
Level 3 1.4075 1.4530
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