GBPUSD 2016-04-27
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 |