Forex Trading Library

GBPUSD 2016-08-29

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GBPUSD failed to break above resistance 1.3250-75 which may set a trading zone between those resistance and support zone 1.2910-40

Market now facing resistance at 1.3170 where as long as market holding below a drop movement may sustain where market will face 2 support zones at 1.3025 and 1.2980 which may drive for rebound correction before downtrend continue toward 1.2940 zone

  Support Resistence
Level 1 1.3025 1.3170
Level 2 1.2980 1.3240
Level 3 1.2910-40 1.3275
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