GBPUSD 2016-07-01
British Pound managed to hold short-run trading so far between 1.3200 – 1.3600 as we advised before while downtrend wave still control the market as long as Pound sustain trades below 1.4000.
Mr. Carney signaled yesterday that Rate Cut may be as soon as this summer adding more drop pressure ove Pound
from another hand, technical analysis still seeing chance for rebound correction toward 1.3675 and maybe 1.3800 beofr downtrend wave back to control market
Support | Resistence | |
Level 1 | 1.3200 | 1.3365 |
Level 2 | 1.3120 | 1.3535 |
Level 3 | 1.3000 |