GBPUSD 2016-03-17

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GBP/USD

1.4355

Market managed to jump above 1.4200 after FOMC interest rate hike projection which allowed Bound for father advance toward 1.4325-50 zone as we advised before

market now having support at 1.4290 and 1.4220 where as long as market holding above 1.4220 will expect this rally to sustain where market may target 1.4400-40 resistance zone which if managed to hold the market a drop correction may be expected at the MPC meeting

above 1.4440 market will open new uptrend path that may target 1.4540 and above

  Support Resistence
Level 1 1.4290 1.4400-40
Level 2 1.4220 1.4540
Level 3 1.4160 1.4640

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