GBPUSD 2016-08-09

British Pound managed to hold downtrend wave as market sustain trades below resistance (1.3200) as we advised last week

market managed to hold trades below resistance (1.3105) which drove market for farther drop toward (1.2967) today while our target still set toward (1.2900)

market showing resistance at (1.3020-50) where as long as market holding below expect farther drop toward (1.2900)

above 1.3050 market will face resistance at (1.3105) which may drive market back down, while above (1.3105) expect farther advance where another resistance set at (1.3185)

	Support	Resistence
Level 1	1.2900	1.3020-50
Level 2	1.2800	1.3105
Level 3	1.2700	1.3185