GBPUSD 2015-02-18

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GBP/USD: 1.5425

Pound & the rebound correction

BOE announced today that he is expect inflation to pick up throw 2016 as labor market strengthen , which may push back the process of interest rate hike

short-run

as we see over the chart market managed to obtain daily close above 1.5380 which may provide farther rebound movement toward 1.5580 zone

market support zone now around 1.5200 where as long as market sustain trades above 1.5200 the target will remain toward 1.5580

below 1.5190 expect 1.5070-80 zone

Daily Trend: Down
Weekly Trend: Down

  Support Resistence
Level 1 1.5295 1.5440
Level 2 1.5195 1.5485
Level 3 1.5070 1.5580

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