GBPUSD 2016-10-25
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
Support | Resistence | |
Level 1 | 1.2170 | 1.2250 |
Level 2 | 1.2100-20 | 1.2300-30 |
Level 3 | 1.2000 | 1.2380 |