GBPUSD 2016-05-03
GBP/USD
1.4690
As we advised yesterday , market head toward our first scenario where managed to sustain advance without any drop correction where managed today to hit target zone 1.4750-70
market now have same 2 possible scenario :
1- the first one is as long as market holding above 1.4645 the uptrend will sustain for farther advance toward 1.4820-50
below 1.4640 market may head for farther drop correction toward 1.4500-50 zone where from there will expect another uptrend wave toward 1.4820-50 while risk below 1.4475
Support | Resistence | |
Level 1 | 1.4645-60 | 1.4750-70 |
Level 2 | 1.4575 | 1.4820-50 |
Level 3 | 1.4475 | 1.4915 |