GBPUSD 2015-01-07

0 1

GBP/USD: 1.5130

Pound under drop pressure

market managed to sustain drop where managed last week to hit our target toward 1.5380

market sustin drop below this target where as we see over the chart market facing support trend around 1.5100-25 zone

as long as market holding daily close above 1.5100 the ability for short-run to obtain rebound correction will sustain

below 1.5100 market may enter new downtrend wave which may target 1.4800 and lower

first resistance at 1.5340 where as long as market holding trades below this level the downtrend pressure will sustain

Daily Trend: Down
Weekly Trend: Down

  Support Resistence
Level 1 1.5100-25 1.5340
Level 2 1.5000 1.5460
Level 3 1.4925 1.5575

START TRADING

or practice on DEMO ACCOUNT

Trading CFDs Involves high risk of loss