Forex Trading Library

GBPUSD 2016-10-05

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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
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