GBPUSD 2016-02-01

Feb 01, 12:31 pm

GBP/USD

1.4260

Market managed to obtain drop correction after breaking the rising wedge formation where we anticipated drop toward 1.4130 zone before a rebound market have chance to continue the uptrend correction toward 1.4525 zone

market still holding chances to sustain this rebound correction with first resistance at 1.4320 zone

as long as market holding trades above 1.4130 will expect farther advance toward 1.4525 zone

downtrend risk will emerge below 1.4080 zone

  Support Resistence
Level 1 1.4230 1.4320
Level 2 1.4140 1.4370
Level 3 1.4075 1.4420
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