GBPUSD 2016-05-05
GBP/USD
1.4462
Market failed several times to sustain rebound where market faced resistance at 1.4530-40 zone
market now seems heading for farther drop to break below 1.4450 and head to test 1.4340-70 support zone which may drive market for rebound correction from there
as long as market holding below 1.4575 the downtrend pressure will sustain
below 1.4300 market may target 1.4100 , while above 1.4575 market may target 1.4700 zone
Support | Resistence | |
Level 1 | 1.4340-70 | 1.4530-40 |
Level 2 | 1.4250 | 1.4575 |
Level 3 | 1.4150 | 1.4670 |