GBPUSD 2016-05-03

May 03 2016, 11:33 am

GBP/USD

1.4690

As we advised yesterday , market head toward our first scenario where managed to sustain advance without any drop correction where managed today to hit target zone 1.4750-70

market now have same 2 possible scenario :

1- the first one is as long as market holding above 1.4645 the uptrend will sustain for farther advance toward 1.4820-50

below 1.4640 market may head for farther drop correction toward 1.4500-50 zone where from there will expect another uptrend wave toward 1.4820-50 while risk below 1.4475

  Support Resistence
Level 1 1.4645-60 1.4750-70
Level 2 1.4575 1.4820-50
Level 3 1.4475 1.4915
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