GBPUSD 2016-05-04
GBP/USD
1.4480
Market fell below 1.4645 where managed to activate more drop toward 1.4500-50 zone as we advised yesterday
market continue drop where tested today support zone 1.4450-75 while as long as market holding above this zone will expect another uptrend wave that may target 1.4850 zone
below 1.4450 market will add risk for more drop toward 1.4300-50 zone which my give the market support for rebound correction
below 1.4300 expect 1.4100 zone
Support | Resistence | |
Level 1 | 1.4450-75 | 1.4575 |
Level 2 | 1.4300-50 | 1.4640 |
Level 3 | 1.4100 | 1.4750 |