GBPUSD 2016-10-31

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Market managed to head for first advance wave from 1.2130 last Friday while managed today to head for drop correction

Market now showing support zone at 1.2125-35 where from there market may head for another advance wave toward 1.2300 zone

Below 1.2125 market will face the old support zone 1.2080-90 which may activate the uptrend wave again

Below 1.2080 market may enter new downtrend wave with first target toward 1.2000


  Support Resistence
Level 1 1.2125-35 1.2215
Level 2 1.2080-90 1.2245-50
Level 3 1.2000 1.2300-30


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