GBPUSD 2017-02-28

Feb 28 2017, 10:57 am

as market liquidity down we still holding same outlook as we see over our previous report

British Pound managed to fell below 1.2480 which triggered more drop toward 1.2385 as market facing support 1.2345 as we advised last week

As long as market holding trades above 1.2345 a chance for another rebound correction wave may hit the market toward 1.2640-70 zone

Below 1.2345 market may add more drop pressure where target will become toward 1.2250 where below this level expect a test for 1.2180 zone

  Support Resistance
Level 1 1.2345 1.2475
Level 2 1.2250 1.2570
Level 3 1.2180 1.2640-70
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