GBPUSD 2016-05-02

May 02, 11:34 am

GBP/USD

1.4615

Market managed last week to hit 1.4670 in signs of more advance yet to come

market as we see over the chart holding above uptrend line where support at 1.4575 , as long as market holding above this support market may sustain advance toward 1.4750-70 zone

however market showing signals that more drop correction may hit the Pound toward 1.4500-25 zone before market resume advance toward 1.4750-70 zone

downtrend risk start from below 1.4475

  Support Resistence
Level 1 1.4575 1.4670
Level 2 1.4500-25 1.4750-70
Level 3 1.4475 1.4850
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