Pound under drop pressure
market managed to hit 1.5035 low before rebounding last Thursday
market rebound above support level of 1.5100 which indicating ability for farther rebound correction , depended on economic data.
as long as market holding the weekly close above 1.5100 the ability for short-run to obtain rebound correction will sustain
any weekly close 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