GBPUSD 2016-05-09
GBP/USD
1.4460
As we see over our previous chart , market managed to head toward 1.4540 zone after US labor market data before resume drop toward support trend line around 1.4375 and obtain rebound correction from that zone .
so far market still showing resistance zone at 1.4545-75 where as long as market holding below this zone the downtrend pressure will sustain.
market will face 1.4345-75 as support zone where below this territory will expect farther drop toward 1.4100 zone.
above 1.4575 the uptrend outlook will back
Support | Resistence | |
Level 1 | 1.4345-75 | 1.4475 |
Level 2 | 1.4190 | 1.4545-75 |
Level 3 | 1.4100 | 1.4670 |