Forex Trading Library

GBPUSD 2016-06-16

0 137

GBP/USD

1.4125

as we see over our previous chart, market managed to hold our first scenario where Pound seems heading for rebound correction before continue drop toward 1.3950 – 1.4000 zone

market still have chance for rebound correction toward 1.4260-80 zone , while main resistance at 1.4325-55 zone

as long as market holding below this main resistance the downtrend will sustain toward target 1.3950 – 1.4000

above 1.4355 market may head for farther advance where 1.4600 may become a target

while below 1.4090 market may sustain drop toward 1.3950-90 zone

  Support Resistence
Level 1 1.4090 1.4220
Level 2 1.4000 1.4280
Level 3 1.3950 1.4350
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