Forex Trading Library

GBPUSD 2016-10-24

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GBPUSD managed to rebound from support level of the uptrend line where base set at 1.2170

market facing resistance at 1.2250-60 zone which keep the chance for downtrend pressure ongoing so far

above 1.2260 market may back to re-test 1.2300-30 resistance zone

below 1.2170 more drop willl be expected toward 1.2100-20 zone

  Support Resistence
Level 1 1.2170 1.2250-60
Level 2 1.2100-20 1.2300-30
Level 3 1.2000 1.2380
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