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

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