GBPUSD 2016-05-05

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GBP/USD

1.4462

Market failed several times to sustain rebound where market faced resistance at 1.4530-40 zone

market now seems heading for farther drop to break below 1.4450 and head to test 1.4340-70 support zone which may drive market for rebound correction from there

as long as market holding below 1.4575 the downtrend pressure will sustain

below 1.4300 market may target 1.4100 , while above 1.4575 market may target 1.4700 zone

  Support Resistence
Level 1 1.4340-70 1.4530-40
Level 2 1.4250 1.4575
Level 3 1.4150 1.4670

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