GBPUSD 2016-04-06

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GBP/USD

1.4080

As we see over the chart market managed to break below the support level of the triangle (1.4170-80) which managed to hold the Bound below to add more drop where support now at 1.4050-60

we may expect some trading zone between 1.4050-60 & 1.4170-80 as we see over the chart

from another side the Head & Shoulder formation still ongoing which promising more drop toward first target 1.3950

above 1.4170-80 market may head for farther advance toward 1.4280-1.4300 zone

  Support Resistence
Level 1 1.4050-60 1.4120
Level 2 1.3950 1.4170-80
Level 3 1.3835 1.4280

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