GBPUSD 2016-08-18

Aug 18, 10:26 am

british Pound managed to hold uptrend movement after the drop correction yesterday where managed to break above 1.3105 and facing now resistance 1.3175 after better than expected UK Retail sales

will expect some trading zone between 1.3060 – 1.3175

above 1.3175 market may build new uptrend form that may target 1.3335 and 1.3400

below 1.3050 market may head for farther drop correction toward 1.2940-60 zone

  Support Resistence
Level 1 1.3050-60 1.3175
Level 2 1.2940-60 1.3335
Level 3 1.2865 1.3400
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