Forex Trading Library

GBPUSD 2016-05-09

0 150

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
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