GBPUSD 2014-11-27

Posted on

GBP/USD: 1.5760

Pound with rebound correction signals

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

market managed as we expected before to head toward 1.5790 target , while market managed today to hit 1.5825 levels

market now have chance for another advance to test 1.5870-95 zone where market will offer new opportunity to re-short-sell market there while stop order will be above 1.5945

as long as market holding trades above 1.5675 the uptrend movement may sustain toward 1.5870

Daily Trend: Down
Weekly Trend: Down

  Support Resistence
Level 1 1.5715 1.5790
Level 2 1.5650 1.5825
Level 3 1.5590 1.5870-95
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