Forex Trading Library

GBPUSD 2017-01-18

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British Pound managed to add more advance to the rally yesterday where managed to reach the edge of 1.2400-30 zone

As market holding below 1.2430 another drop wave will be expected to visit 1.2085 zone

First support at 1.2250 which may push market for another rebound correction toward 1.2400 zone

Below 1..2250 more drop will be expected

  Support Resistance
Level 1 1.2250 1.2355
Level 2 1.2155 1.2430
Level 3 1.2085 1.2500
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