Forex Trading Library

GBPUSD 2017-02-01

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market managed to hold trades above 1.2420 where managed to head for another rebound toward target 1.2520 and above as we advised yesterday

market now facing congestion zone which may occur between 1.2540 and 1.2675

below 1.2540 market may show weakness for farther drop toward 1.2420-40 while below 1.2420 more drop yet to come

above 1.2675 market may or may not sustain advance where will face resistance at 1.2775 and 1.2865

  Support Resistance
Level 1 1.2540 1.2675
Level 2 1.2420 1.2775
Level 3 1.2320 1.2865
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