GBPUSD 2016-10-07

0 1

BOE Says It’s Looking Into Cause of Overnight Sterling Plunge where Pound managed to hit 1.1550 low in super high liquidity market.

Market now facing resistance at 1.2400-85 zone where as long as market holding below another drop will be expected toward 1.1500 zone

Above 1.2485 market may head for farther advance to re-test 1.2600 resistance which may drive another drove wave from there.

 

  Support Resistence
Level 1 1.2285 1.2400
Level 2 1.2225 1.2485
Level 3 1.2000 1.2600

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