GBPUSD 2014-11-20

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GBP/USD: 1.5685

Pound under drop pressure

Short-run

market still holding short-run trades between 1.5590 – 1.5790

market still have chance to hold this short-run trading zone , while as long as market holding trades below 1.5870 the downtrend wave will sustain this year

med-run showing resistance for downtrend wave around 1.5870 , where as long as market holding trades below this level expect the downtrend wave to head toward 1.5380

short-run indicators start to show ability for market to sustain advance toward 1.5790 , as long as market holding trades above 1.5590 expect another advance toward 1.5790

Daily Trend: Down
Weekly Trend: Down

  Support Resistence
Level 1 1.5590 1.5735
Level 2 1.5510 1.5790
Level 3 1.5430 1.5870

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