GBPUSD 2017-01-16

Jan 16, 11:52 am

British Pound went for gap price at market open today as market anticipate Prime Minister Theresa May’s speech on Brexit plan tomorrow Thursday .

Market still holding the downtrend wave that may lead for farther drop toward 1.1500 zone depending on UK Brexit plan.

Intraday indicators showing resistance at 1.2120 where as long as market holding below more drop toward 1.1885 still on hand

Above 1.2120 more advance may be available toward 1.2200-35 before downtrend resume toward 1.1885 zone

 

 SupportResistance
Level 11.19851.2120
Level 21.18851.2235
Level 31.18001.2315
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