Forex Trading Library

GBPUSD 2016-07-29

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As we see over the chart, Pound still holding short-run trades inside triangle formation which may give another swing between up and down

resistance at 1.3250 and 1.3315 where above this level expect more advance toward 1.3440-80 zone

support at 1.3080-90 where below this level will be the first sign of more drop movement where below 1.3055 expect farther drop toward 1.2870-80 zone

  Support Resistence
Level 1 1.3080-90 1.3250
Level 2 1.3000 1.3315
Level 3 1.2870-80 1.3450-80
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