GBPUSD 2016-05-16
GBP/USD
1.4343
Market managed to fell below support 1.4375 which may trigger more drop movement over short-run
as we see over the chart, market now facing resistance at 1.4390 where as long as market holding below this zone the downtrend pressure will sustain where market will face 1.4300, 1.4200 and 1.4100 as support levels
above 1.4425 market may restore some strength to head toward 1.4500-30 zone
Support | Resistence | |
Level 1 | 1.4300 | 1.4390 |
Level 2 | 1.4200 | 1.4425 |
Level 3 | 1.4100 | 1.4500-30 |