GBPUSD 2016-03-17

Posted on

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
(Visited 5 times, 1 visits today)

At ORBEX the trader is our greatest asset. We provide access to trading FX, Futures, Metals, CFD’s and Commodities on MT4 and word-class customer service.

- Website

Follow Me:
TwitterFacebookLinkedInPinterestGoogle PlusYouTube

CategoriesGBPUSDTags,

START TRADING

or practice on DEMO ACCOUNT

Trading CFDs Involves high risk of loss

At ORBEX the trader is our greatest asset. We provide access to trading FX, Futures, Metals, CFD’s and Commodities on MT4 and word-class customer service.

© Orbex