GBPUSD 2016-12-07
market managed to retreat from resistance zone 1.2770-90 as we advised yesterday, while managed moments ago to hit target 1.2560-80
market now facing support zone at 1.2560-80 and another support at 1.2500, where as long as market holding above one of those supports another rebound will be expected toward 1.2695 and maybe toward 1.2750-70
below 1.2500 more drop will be expected toward 1.2400-20 zone
Support | Resistance | |
Level 1 | 1.2560-80 | 1.2695 |
Level 2 | 1.2500 | 1.2770-90 |
Level 3 | 1.2400-20 | 1.2870 |