Forex Trading Library

GBPUSD 2016-12-20

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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

market is closing from our target now, where 1.2300 may set some rebound correction over market

below 1.2300 market may add more drop toward 1.2200-20 zone

  Support Resistance
Level 1 1.2355 1.2375
Level 2 1.2300 1.2430
Level 3 1.2200-20 1.2470-80
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