GBPUSD 2016-12-16
market managed to sustain drop after fell below 1.2500 where managed to close to our target with few pips shortage
market now in rebound correction mode where first resistance at 1.2455 zone
as long as market holding below 1.2510 the downtrend wave will back to head toward 1.2300-30 zone
above 1.2570 more advance will be expected toward 1.2700 zone
Support | Resistance | |
Level 1 | 1.2410 | 1.2455 |
Level 2 | 1.2375 | 1.2510 |
Level 3 | 1.2300-30 | 1.2550-70 |