Forex Trading Library

GBPUSD 2016-06-01

0 177

GBP/USD

1.4455

Market managed to head fast for drop movement after a poll signals increasing support for Brexit

market fell below 1.4570 where we advised yesterday that below this level market may start downtrend wave that may target 1.4330 zone

intraday trading levels facing resistance at 1.4500-20 zone , while short-run facing resistance at 1.4570

as long as market holding below one of those resistance the downtrend will sustain toward 1.4330 and maybe 1.4280-90 zone

above 1.4570 market may restore strength for farther advance

  Support Resistence
Level 1 1.4400 1.4500-15
Level 2 1.4330 1.4570
Level 3 1.4280 1.4660
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