GBPUSD 2016-02-22

Posted on

GBP/USD

1.4170

Market managed last week to sustain advance toward target 1.4385-1.4405 zone

while London Mayor announcement that he support exit from EU weighing on British Pound for farther drop with price Gap lower on market open

technical analysis 1.4250-95 as resistance zone where as long as market holding trades below this zone expect farther drop toward below 1.4070

above 1.4295 market may head again to test 1.4385-1.4405 resistance zone

  Support Resistence
Level 1 1.4130 1.4250-90
Level 2 1.4075 1.4385-1.4405
Level 3 1.3980 1.4470
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