GBPUSD 2016-10-05
market managed to sustain drop where managed today to test 1.2700 support level before some rebound hit market
as we see over our previous chart, market still facing main resistance at 1.2850-65 and 1.2915-30 where as long as market holding trades below one of those resistance the short-run downtrend wave will sustain for farther drop toward 1.2500 zone
Support | Resistence | |
Level 1 | 1.2700 | 1.2745 |
Level 2 | 1.2600 | 1.2800 |
Level 3 | 1.2500 | 1.2850-60 |