GBPUSD 2016-03-23

GBP/USD

1.4190

Bound managed to sustain drop movement while market still waiting to test 1.4120 zone

market short-run facing resistance at 1.4240 where as long as market holding below this level the drop pressure will sustain, while above 1.4240 market will face 1.4280-1.4310 resistance zone

any daily close above 1.4215 will be sign of reverse market trend , while a daily close below 1.4200 may add more drop pressure

	Support	Resistence
Level 1	1.4120	1.4240
Level 2	1.4050	1.4280-1.4310
Level 3	1.3950-80	1.4400