GBPUSD 2016-01-27

Jan 27, 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

 SupportResistence
Level 11.42701.4360-70
Level 21.41301.4445
Level 31.40751.4530
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