GBPUSD 2016-10-04
British Pound fell below 1.2800 zone which triggered another downtrend wave over short run that may target 1.2500-50 zone as we advised before
intraday will face resistance at 1.2795 which may hold the downtrend pressure
while short run see main resistance at 1.2865 and 1.2915-30 where as long as market holding trades below those level the downtrend wave will sustain toward 1.2500 zone
Support | Resistence | |
Level 1 | 1.2700 | 1.2795 |
Level 2 | 1.2600 | 1.2865 |
Level 3 | 1.2500-50 | 1.2915-30 |