GBPUSD 2016-10-25

Oct 25, 10:09 am

as market sustain trads inside tight zone we still holding our previous outlook

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

 SupportResistence
Level 11.21701.2250
Level 21.2100-201.2300-30
Level 31.20001.2380
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