GBPUSD 2016-12-20
as we advised last week
GBPUSD managed to jump above 1.2455 where faced second resistance at 1.2510 which activate the drop pressure again over market
as long as market holding below this resistance 1.2510 the downtrend wave will sustain toward 1.2300-30 zone
market is closing from our target now, where 1.2300 may set some rebound correction over market
below 1.2300 market may add more drop toward 1.2200-20 zone
Support | Resistance | |
Level 1 | 1.2355 | 1.2375 |
Level 2 | 1.2300 | 1.2430 |
Level 3 | 1.2200-20 | 1.2470-80 |