GBPUSD 2016-02-01
GBP/USD
1.4260
Market managed to obtain drop correction after breaking the rising wedge formation where we anticipated drop toward 1.4130 zone before a rebound market have chance to continue the uptrend correction toward 1.4525 zone
market still holding chances to sustain this rebound correction with first resistance at 1.4320 zone
as long as market holding trades above 1.4130 will expect farther advance toward 1.4525 zone
downtrend risk will emerge below 1.4080 zone
Support | Resistence | |
Level 1 | 1.4230 | 1.4320 |
Level 2 | 1.4140 | 1.4370 |
Level 3 | 1.4075 | 1.4420 |