GBPUSD 2016-01-14
GBP/USD
1.4375
as we see over the chart British Bound still holding trades below downtrend line where trend-line resistance at 1.4645
as long as market holding trades below 1.4500 the downtrend pressure will sustain toward more drop where 1.4240 would be the target
above 1.4510 market may head for farther rebound toward 1.4600-45 zone
any prices around 1.4200 zone will consider as oversold zone for the short-run which may demand rebound correction
watch market carefully as today MPC meeting for rate outlook
Support | Resistence | |
Level 1 | 1.4350 | 1.4500 |
Level 2 | 1.4260 | 1.4645 |
Level 3 | 1.4200 | 1.4695 |