Forex Trading Library

GBPUSD 2016-09-14

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GBPUSD retreated below support level (1.3230) which placed market under drop pressure as we explained yesterday

Market facing now resistance zone at (1.3230-70) where as long as market holding below this levels the downtrend pressure will sustain toward targets (1.3070-85).

Above (1.3270) market may add more advance where another resistance laying at (1.3340-60) zone.

 

  Support Resistence
Level 1 1.3130 1.3230-70
Level 2 1.3070-85 1.3340-60
Level 3 1.3025 1.3445
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