GBPUSD 2016-04-28

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Market managed to hit drop correction as we expected where market managed to rebound from 1.4475 zone

intraday trading levels showing ability for market to hit trading zone between (1.4430 – 1.4725) while the shape of this trading zone may have one of tow scenarios :

the first scenario where as long as market holding below 1.4620 another drop correction toward 1.4520-40 may hit the market before market rebound toward 1.4620-50 zone , while below 1.4475 will expect market to head to test 1.4430 before we expect any rebound correction toward 1.4600 zone.

second scenario : if market managed to sustain advance above 1.4640 market may face resistance zone at 1.4670-1.4725 which may trigger another drop correction toward 1.4520-40 zone

  Support Resistence
Level 1 1.4520-40 1.4620
Level 2 1.4475 1.4650-70
Level 3 1.4430 1.4710-30


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