SELL Area - 1.4559 - ( my Target is at 1.4350 and after that can go down further to 1.4220)
BUY Area - 1.4603 - ( my target is at 1.4665 and after that may further up to 1.4781 - 1.4975 area).
Yesterday as expected Candle drop to break 6 years low at 1.4350 and stop at 1.4357 - fail again to break this support point, before bounce back to 1.4400 level this morning at 7.30 am, (Malaysia). If it break the 1.4581 point candle may go further up to 1.4600 to 1.4800 area. If this not happen candle will once again try back to break the 1.4350 point and from there it will go down further to 1.4200 area. No doubt in FEW DAYS the price may drops to 1.4000 area.
As I told you right the beginning before you started to learn your first lesson from me, the market for GBP/USD are BEARISH Trend and the bottom line is 1.3500 level. Many of trader hard to belive this and now the price is going to drop at 1.4000 Level in few weeks. Let see this happen.
INITIAL RESISTANCE NOW IS AT 1.4450 AREA - break this point the market should go further at 1.4600 area.
INITIAL SUPPORT IS at 1.4250 AREA - if happen to break again, the price will go deeper to 1.3500 area in few days.
Good Luck.
ALLAH HU
