GBPUSD 2015-03-11

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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 1.5036 low – compared to yesterday low at 1.5020s levels ; the market clearly in a trading range

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 1.5020 1.5135
Level 2 1.4950 1.5190
Level 3 1.4810 1.5270


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