GBPUSD managed to head for drop correction where market closing from support level 1.3160 as we advised before
As long as market holding above 1.3160 another advance wave will have the chance to sustain uptrend toward 1.3490 zone
Below 1.3160 market may face more drop to test 1.3040-50 zone which in turn may hit a rebound correction
Below 1.3040 more drop toward 1.2900 is expected
MPC meeting today may affect high volatility over British Pound movement
| Support | Resistance | |
| Level 1 | 1.3160 | 1.3225 |
| Level 2 | 1.3040-50 | 1.3290 |
| Level 3 | 1.2960 | 1.3330 |
