GBPUSD 2018-03-12
British Pound still facing downtrend pressure as market facing resistance at 1.3890 and 1.3950
As we see over the chart
and as long as market holding trades below one of those resistances more drop will be expected as we advised last week to test zone 1.3715-35
Above 1.3950 more advance toward 1.4080 is expected
Below 1.3715 more drop toward 1.3630-50 is expected
Support | Resistance | |
Level 1 | 1.3780 | 1.3890 |
Level 2 | 1.3715 | 1.3950 |
Level 3 | 1.3630-50 | 1.4080 |