GBPUSD 2016-05-13
GBP/USD
1.4415
As we see over our previous chart, Market managed to sustain drop toward 1.4375 where market tried several times to break without success so far
as long as market holding above 1.4375 the chance for more rebound correction will sustain where market facing 1.4480 and 1.4575 as resistance levels
above 1.4575 market may enter another bull wave that may target 1.4700 zone
below 1.4370 market will add more drop pressure that may take Pound toward more drop to 1.4100 zone
market faced several daily close around 1.4450 zone this week , where another daily close around that zone may add more signals of ability to head to break below 1.4375 next week , or today if US economic figures come better than expected
Support | Resistence | |
Level 1 | 1.4375 | 1.4450-70 |
Level 2 | 1.4290 | 1.4530-75 |
Level 3 | 1.4100 | 1.4670 |