GBPUSD 2016-03-30

0 0

GBP/USD

1.4380

Market managed to sustain advance in line with expectation where managed today to hit our target zone 1.4400-40

as we see over the chart, market now trying to build Head & Shoulder formation where resistance zone at 1.4440 – 1.4515

as long as market holding below this zone another drop wave may hit the market toward 1.3950 zone

above 1.4515 this Head and Shoulder will be corrupted and another advance toward 1.4600-70 zone will be available

intraday levels showing support at 1.4345-70 where as long as market holding above will expect farther advance inside 1.4440 – 1.4515 zone

  Support Resistence
Level 1 1.4345-70 1.4440-1.4515
Level 2 1.4260 1.4670
Level 3 1.4195 1.4840

START TRADING

or practice on DEMO ACCOUNT

Trading CFDs Involves high risk of loss