GBPUSD 2016-05-16

May 16, 10:34 am

GBP/USD

1.4343

Market managed to fell below support 1.4375 which may trigger more drop movement over short-run

as we see over the chart, market now facing resistance at 1.4390 where as long as market holding below this zone the downtrend pressure will sustain where market will face 1.4300, 1.4200 and 1.4100 as support levels

above 1.4425 market may restore some strength to head toward 1.4500-30 zone

  Support Resistence
Level 1 1.4300 1.4390
Level 2 1.4200 1.4425
Level 3 1.4100 1.4500-30
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