Forex Trading Library

GBPUSD 2016-06-02

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GBP/USD

1.4440

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

market fell below 1.4570 where we advised 2 days ago 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 with resistance at 1.4660

  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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