GBPUSD 2015-02-12
GBP/USD: 1.5330
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
while today Inflation report over UK managed to add more advance over market where market facing now resistance at 1.5350-80 zone
as long as market holding trades below 1.5350-80 market may have chance for another drop to re-test 1.4800-50 zone , while any daily close above 1.5380 may activate bigger rebound correction toward 1.5650
market managed to test 1.5350 resistance zone last week while retreated from there after U.S labor market data last week
market now showing downtrend pressure to test 1.5140-60 zone , while below 1.5140 expect 1.5040 zone
Daily Trend: Down
Weekly Trend: Down
Support | Resistence | |
Level 1 | 1.5140-60 | 1.5350-80 |
Level 2 | 1.5040 | 1.5425 |
Level 3 | 1.4950 | 1.5480 |