GBPUSD 2016-05-18

GBP/USD

1.4415

Market managed to retreat from our resistance zone 1.4530-70 as we advised yesterday where market now facing potential support zone at 1.4335-70 zone

if this zone managed to hold the market another rebound correction toward 1.4500-30 zone will be expected

below 1.4300 market may continue the drop wave where support at 1.4200-20 and 1.4100

	Support	Resistence
Level 1	1.4335-70	1.4450
Level 2	1.4300	1.4500-30
Level 3	1.4200-20	1.4580