GBPUSD 2016-05-23

GBP/USD

1.4485

As we mentioned last week, market managed to hit below 1.4525 in signs of more drop yet to come toward 1.4400-25 zone

market now facing resistance zone at 1.4560-75 where as long as market holding below this zone more drop will be expected toward 1.4400-25 zone

above 1.4575 market may head for farther rebound correction toward 1.4640-70 zone

	Support	Resistence
Level 1	1.4470	1.4560-75
Level 2	1.4400-25	1.4640-70
Level 3	1.4330-50	1.4725