Forex Trading Library

GBPUSD 2016-02-17

0 161

GBP/USD

1.4325

As we see over the chart, market went for fast drop after break below 1.4350 where market managed to obtain some rebound correction after UK Claimant Count Change numbers .

market facing resistance zone at 1.4345-85 where as long as market holding below 1.4385 the downtrend pressure will sustain to resume drop toward 1.4130-50 zone, above 1.4385 market may hold advance toward 1.4460-70 zone

  Support Resistence
Level 1 1.4300 1.4345
Level 2 1.4245 1.4385
Level 3 1.4130-50 1.4460-70
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