GBPUSD 2016-02-22
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 |