GBPUSD 2016-05-04

GBP/USD

1.4480

Market fell below 1.4645 where managed to activate more drop toward 1.4500-50 zone as we advised yesterday

market continue drop where tested today support zone 1.4450-75 while as long as market holding above this zone will expect another uptrend wave that may target 1.4850 zone

below 1.4450 market will add risk for more drop toward 1.4300-50 zone which my give the market support for rebound correction

below 1.4300 expect 1.4100 zone

	Support	Resistence
Level 1	1.4450-75	1.4575
Level 2	1.4300-50	1.4640
Level 3	1.4100	1.4750