GBPUSD 2016-08-02
market managed to sustain trades above support 1.3120 as we advised before and as we see over our previous chart
some traders start to expose thier doughts on BOE rate cut this week which drive market higher today
as long as market holding trades above 1.3120 the short-run target will sustain toward 1.3450-80
below 1.3120 market will face support at 1.3055 where below this level expect farther drop toward 1.2870-80
Support | Resistence | |
Level 1 | 1.3120 | 1.3315 |
Level 2 | 1.3055 | 1.3450-80 |
Level 3 | 1.2870-80 | 1.3535 |