Forex Trading Library

GBPUSD 2016-06-20

0 164

GBP/USD

1.4630

British Pound managed last week to sustain drop where market managed to hold trades above support base 1.3950 – 1.4000

market went for fast demand for Pound at the end of last week and on market open this week on signs that votes for remaining UK in the EU is gaining momentum which spur demand for high yield currencies

as we see over the chart, market facing resistance zone at 1.4700-70 which if managed to hold the advance of the market we may see a drop correction that may target 1.4350 zone

above 1.4770 market may sustain advance toward 1.4950

  Support Resistence
Level 1 1.4600 1.4700
Level 2 1.4530 1.4770
Level 3 1.4430 1.4850
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