GBPUSD 2016-02-18

GBP/USD

1.4315

As we see over the chart, Market holding short-run trades inside tight zone where a potential of Reverse Head & Shoulder may control the market

market intraday trading zone may sustain between 1.4245 – 1.4345 while as long as market holding trades above 1.4235 this may a potential formation of Reverse H&S which may drive the market higher toward 14385-1.4405 resistance zone

above 1.4405 expect farther advance toward 1.4495 while below 1.4235 expect sustain drop toward target zone 1.4130-50

	Support	Resistence
Level 1	1.4295	1.4345
Level 2	1.4235-45	1.4385-1.4405
Level 3	1.4130-50	1.4490