GBPUSD 2015-01-27

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GBP/USD: 1.5075

Pound under drop pressure

market managed to fell after ECB announced QE program , while market managed to break below 1.5035 which initiate new downtrend wave that may target 1.4800 as first target

below 1.4800 market may add more drop pressure where target would be toward 1.4300-1.4400 zone

market managed to jump above 1.5060 which indicating ability for another test of 1.5175 zone

the downtrend wave still protected by 1.5270 resistance zone , where as long as market holding trades below 1.5270 the downtrend will back to affect market

Daily Trend: Down
Weekly Trend: Down

  Support Resistence
Level 1 1.5035 1.5135
Level 2 1.4980 1.5180
Level 3 1.4800 1.5270


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