GBPUSD 2016-07-11
As we advised last Friday :
market managed to sustain the drop movement as Pound fell below support 1.3120 where we advised that below this level downtrend wave toward 1.2500 wil sustain
market now facing resistance level of 1.3120 where as long as market holding below this zone a downtrend pressure for the coming short-run will sustain toward 1.2600-70 zone which may trigger rebound correction toward 1.3050 zone
while bove 1.3120 farther rebound may hit market toard 1.3295
Support | Resistence | |
Level 1 | 1.2795 | 1.3030 |
Level 2 | 1.2670 | 1.3120 |
Level 3 | 1.2600 |