GBPUSD 2016-04-04

GBP/USD

1.4210

As we mentioned last week , market in potential Head & Shoulder formation managed to hit the market with drop movement toward 1.4170 so far, while H&S effect still sustain

Intraday trading scenario showing ability for rebound correction toward 1.4270 if support 1.4170 managed to hold the market

while from 1.4270 will expect the downtrend pressure to back to affect the market toward 1.4115 zone

	Support	Resistence
Level 1	1.4170	1.4240
Level 2	1.4115	1.4270
Level 3	1.4050	1.4325