GBPUSD 2018-03-20

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GBPUSD managed to head for farther advance yesterday before market retreate today after worse than expected Inflation figures today

Intraday showing support at 1.3990 where as long as market holding above another advance to test 1.4140 resistance zone is expected which in turn may activate another drop wave toward 1.3920

Below 1.3990 market may head for farther drop to re-tetst 1.3890-99 zone before a chance for another advance toward 1.4140 emerge at market

Below 1.3890 more drop toward 1.3750-80 is expected

While above 1.4140 the chance for more advance may OR may not hit the market

  Support Resistance
Level 1 1.3990 1.4140
Level 2 1.3890 1.4280
Level 3 1.3750-80 1.4345

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