GBPUSD 2015-11-06
GBPUSD
1.5135
Market managed to activate sell-off mode after BOE signaling interest rate may hold levels for farther time until inflation showing growth where market managed to fell below 1.5250-60 zone
market facing support zone at 1.5105-10, as market holding above the pound may have chance for rebound correction toward 1.5240-60 zone, while below 1.5105 market will initiate new downtrend wave that will target 1.4905 and 1.4800
as long as market holding trades below 1.5260 the downtrend pressure will sustain
Support | Resistence | |
Level 1 | 1.5105-10 | 1.5200 |
Level 2 | 1.4990 | 1.5240-60 |
Level 3 | 1.4905 | 1.5360 |