Forex Trading Library

GBPUSD 2016-12-08

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market managed to hold support 1.2560-80 where managed to head for rebound correction toward 1.2695 as we advised yesterday, while still a chance for farther advance toward 1.2750-70

as long as market holding below 1.2775 another drop wave toward 1.2500 will be expected

above 1.2790 market may head to test 1.2865-70 resistance zone where the downtrend pressure will back again

above 1.2870 more advance will be expected

  Support Resistance
Level 1 1.2665 1.2700-25
Level 2 1.2560-80 1.2775-90
Level 3 1.2500 1.2870
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