RESISTANCE TRENDLINE IN GBPUSD (CABLE) 16/03/15

• 1.4788: the highest price seen after reaching Friday’s 5-year low.
• 1.4824: micro term Fibonacci 38.2% retracement level for the drop from Tuesday’s high 1.5026 to Friday’s 5-year low 1.4699.
• 1.4863: micro term Fibonacci 50% retracement level for the drop from Tuesday’s high 1.5026 to Friday’s 5-year low 1.4699.
• 1.4901: micro term Fibonacci 61.8% retracement level for the drop from Tuesday’s high 1.5026 to Friday’s 5-year low 1.4699.
• 1.4933: micro term 71.4% retracement level for the drop from Tuesday’s high 1.5026 to Friday’s 5-year low 1.4699.
• 1.4979: micro term 85.7% retracement level for the drop from Tuesday’s high 1.5026 to Friday’s 5-year low 1.4699.
• 1.5025: short term Fibonacci 38.2% retracement level for the drop from Feb 26th Fibonacci top 1.5552 to Friday’s 5-year low 1.4699.
• 1.5065: short term 42.9% retracement level for the drop from Feb 26th Fibonacci top 1.5552 to Friday’s 5-year low 1.4699.
• 1.5126: short term Fibonacci 50% retracement level for the drop from Feb 26th Fibonacci top 1.5552 to Friday’s 5-year low 1.4699.