GBPUSD 2017-01-16
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
Support | Resistance | |
Level 1 | 1.1985 | 1.2120 |
Level 2 | 1.1885 | 1.2235 |
Level 3 | 1.1800 | 1.2315 |