GBP/USD Daily
Today's trade has seen further breakdown with prices reaching/breaking the last swing low at 1.6730. Indicators are at extremes now so we should see some recovery attempt soon. However, we expect further weakness (after bounce) with next target sup. at 1.6680. Initial res. is in the 1.6770/80 band.N.I.
R5: 1.6920~ 21, 22-May highs
R4: 1.6881 * Tues high
R3: 1.6835/55 intraday level
R2: 1.6815 today high
R1: 1.6770/80 intraday level
S1: 1.6680 15 Apr low
S2: 1.6552 * Apr low
S3: 1.6459 * Mar low
Today's trade has seen further breakdown with prices reaching/breaking the last swing low at 1.6730. Indicators are at extremes now so we should see some recovery attempt soon. However, we expect further weakness (after bounce) with next target sup. at 1.6680. Initial res. is in the 1.6770/80 band.N.I.
R5: 1.6920~ 21, 22-May highs
R4: 1.6881 * Tues high
R3: 1.6835/55 intraday level
R2: 1.6815 today high
R1: 1.6770/80 intraday level
S1: 1.6680 15 Apr low
S2: 1.6552 * Apr low
S3: 1.6459 * Mar low
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