GBPUSD 2016-04-28

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GBP/USD

1.4590

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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