GBPUSD 2016-03-08

Posted on

GBP/USD

1.4207

Market managed to advance as we expected yesterday where managed to hit 1.4284 high

as we see over the chart, market still holding trades above uptrend line where as long as market holding above 1.4190 the uptrend movement may sustain to test 1.4380-1.4405

market may hit another scenario with more drop to test 1.4130-50 where new opportunity to long(buy) market will rise again

below 1.4100 market will lose strength which may head for the market with bigger drop toward 1.4000-20 and 1.3900

  Support Resistence
Level 1 1.4190 1.4290-1.4310
Level 2 1.4130-50 1.4380-1.4405
Level 3 1.4000-20 1.4550
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