GBPUSD 2016-04-27

Posted on

GBP/USD

1.4604

Market managed yesterday to hit close to our target zone 1.4640-70

this zone will consider as resistance zone which may drive market for drop correction toward 1.4510 before market resume uptrend movement , while below 1.4510 market may extend drop correction before resuming uptrend wave .

from another side if market managed to jump above 1.4670 this may set the Pound in uncertainty mode where UP or DOWN whould be available for short-run trading

Mid-Run:

the Mid-Run view showing main resistance at 1.4670 where above this zone market may start new uptrend wave that will target (1.5200 – 1.5300) as first target

  Support Resistence
Level 1 1.4550 1.4640-70
Level 2 1.4510 1.4725
Level 3 1.4430 1.4815
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