Forex Trading Library

GBPUSD 2016-08-25

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market managed to head to test 1.3240-60 zone while failed to break above 1.3275 as we advised yesterday

as long as market holding trades below 1.3275 another drop correction will be expected toward 1.3100-20 zone which may provide some rebound correction

below 1.3100 more drop will be expected toward 1.2960

above 1.3275 more advance will be expected toward 1.3400

  Support Resistence
Level 1 1.3100-20 1.3275
Level 2 1.3000 1.3335
Level 3 1.2940-60 1.3400
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