GBPUSD 2016-06-06
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 |