GBPUSD 2016-05-17

GBPUSD 2016-05-17

GBP/USD

1.4490

Market managed to jump above 1.4425 which activated bigger rebound toward 1.4500-30 zone as we advised yesterday

market now facing resistance zone at 1.4530-70 as we see over the chart, which may add drop pressure over Pound to resume the downtrend wave toward 1.4200 zone

above 1.4575 market may build new uptrend wave that may push Pound toward 1.4680-1.4720 zone

Support Resistence
Level 1 1.4450 1.4530-70
Level 2 1.4375 1.4650
Level 3 1.4300 1.4720

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