Forex Trading Library

GBPUSD 2016-06-14

0 256

GBP/USD

1.4155

Market managed to advance toward 1.4325 yesterday before back to the downtrend movement as one of our last scenarios managed to control the market.

market so far showing ability for another rebound toward 1.4280 zone before market head from there toward 1.3950-1.4000 zone

while market second scenario may suggest the downtrend movement may sustain toward 1.3950-1.4000 zone before market rebound above 1.4200 as we see over the chart

short-run showing as long as market holding below 1.4350 the downtrend wave will sustain over market

  Support Resistence
Level 1 1.4115 1.4220
Level 2 1.4000 1.4280
Level 3 1.3950 1.4350
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