GBPUSD 2015-03-10

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Pound to be effected by the higher demand on US dollars

Market managed to hold downtrend pressure after U.S labor market data last week , where managed today to print 1.5028 low

market still facing support level at 1.4950 where as long as market holding trades above this level the trading zone would sustain for the coming short-run , while as long as market holding trades above 1.4810 market will hold chances for bigger rebound correction

short-run trading zone may sustain between 1.4810 – 1.5450 zone

Daily Trend: Down
Weekly Trend: Down

  Support Resistence
Level 1 1.5035 1.5135
Level 2 1.4950 1.5190
Level 3 1.4810 1.5270


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