Forex Trading Library

GBPUSD 2016-12-19

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as we advised last week

GBPUSD managed to jump above 1.2455 where faced second resistance at 1.2510 which activate the drop pressure again over market

as long as market holding below this resistance 1.2510 the downtrend wave will sustain toward 1.2300-30 zone

while above 1.2570 market may add more advance correction toward 1.2700 zone

  Support Resistance
Level 1 1.2400 1.2510
Level 2 1.2350 1.2570
Level 3 1.2300 1.2700
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