Forex Trading Library

GBPUSD 2016-06-06

0 141

GBP/USD

1.4390

Market managed to head for fast advance to test 1.4570 resistance zone after US labor market figures last Friday

market managed to retreat from resistance zone 1.4570 as we advised last week and as we can see over our previous chart

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 1.4360 1.4465
Level 2 1.4280 – 1.4320 1.4520
Level 3 1.4220 1.4570
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