GBP/USD:
1.5048
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 |
