GBPUSD 2016-01-05

GBP/USD

1.4680

British Bound managed yesterday to retreat from first resistance 1.4815 where managed to hold the downtrend movement

market so far build resistance at 1.4725 where as long as market holding below this level will expect first target at 1.4640

while as long as market holding the downtrend line the downtrend wave will sustain for farther drop

	Support	Resistence
Level 1	1.4660	1.4725
Level 2	1.4605	1.4770
Level 3	1.4550	1.4815