GBPUSD 2016-03-23

Posted on

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
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