Forex Trading Library

GBPUSD 2016-12-07

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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
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