Forex Trading Library

GBPUSD 2016-05-24

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GBP/USD

1.4585

As we mentioned yesterday, market managed to head for rebound correction toward 1.4540-60 while managed to hit above 1.4575 in signs of more advance yet to come.

market still holding inside uptrend channel for mid-run outlook, where support at 1.4300-30 and resistance at 1.4800-50

this trading zone can hold the market for the coming short-run period

Intraday market still have chance to head to test resistance zone 1.4700 where as long as market holding above support 1.4525-50 the uptrend will sustain

  Support Resistence
Level 1 1.4525-50 1.4660
Level 2 1.4440-60 1.4700-70
Level 3 1.4400 1.4800-50
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