GBPUSD 2016-08-15
As we see over our previous chart which we placed before US economic data last friday
market managed to head up to test resistance level of the downtrend channel around 1.3025 where managed from there to activate short-sell orders that push market toward weekly lows
market still looking toward 1.2850-70 target
below 1.2795 new downtrend wave may control market
Support | Resistence | |
Level 1 | 1.2900 | 1.2950 |
Level 2 | 1.2850 | 1.3000-35 |
Level 3 | 1.2795 | 1.3105 |