GBPUSD 2016-12-01
British Pound managed to jump above 1.2530 indicating farther advance toward 1.2600-25 zone as first target
From that zone market, may head for drop correction, while above 1.2630 market will face old resistance at 1.2675
Above 1.2630 will be the first sign of farther advance where above 1.2675 more advance toward 1.2770-90 zone will be expected
Below 1.2500 market will face second support at 1.2435-45
Support | Resistence | |
Level 1 | 1.2500-15 | 1.2600-25 |
Level 2 | 1.2435-45 | 1.2675 |
Level 3 | 1.2360 | 1.2770-90 |