GBPUSD 2017-01-09

Jan 09, 11:18 am

British Pound sustain drop as prime minister Theresa May comments on week end spur fears for coming Brexit .

Market closing now from testing support zone (1.2080-1.2100) which may activate some rebound correction at market

Below (1.2080) more drop will be expected toward (1.2000) zone

Resistance at (1.2200) where as long as market holding below the downtrend pressure will sustain

Above (1.2200) more advance will be expected toward (1.2270)

  Support Resistance
Level 1 1.2080 1.2200
Level 2 1.2000 1.2270
Level 3 1.1900 1.2350
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