GBPUSD 2017-08-22

Aug 22 2017, 10:00 am

as we advised last week and as we see over our previous chart 

GBPUSD managed to test uptrend support line where market now holding support base at 1.2810-40

as long as market holding above this support zone another rebound correction toward 1.2930 resistance zone is expeted, while above this zone more advance toward 1.3050 is expected

market managed to advance again toward 1.2915 zone before market retreated

below 1.2810 market may enter new downtrend wave that may target 1.2600 zone

  Support Resistance
Level 1 1.2810-40 1.2930
Level 2 1.2720 1.2980
Level 3 1.2600 1.3050
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