GBPUSD 2014-11-14

Posted on

GBP/USD: 1.5670

Pound under drop pressure

Short-run

market managed to sustain drop where managed yesterday to break below 1.5720 which activate another drop wave which may target 1.5200-50 zone

so far market showing resistance at 1.5790 zone , where as long as market holding trades below 1.5790 the downtrend movement will sustain toward 1.5200-50 zone

Daily Trend: Down
Weekly Trend: Down

  Support Resistence
Level 1 1.5660 1.5790
Level 2 1.5580 1.5850-60
Level 3 1.5510 1.5945
Short term strategy: flat
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