Forex Trading Library

GBPUSD 2016-12-22

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as we advised yesterday and as we see over our previous chart

Market managed to meet target 1.2300-30 which may activate some rebound correction

As long as market holding above (1.2300) another rebound correction toward (1.2425) may hit market, where above this zone more advance toward 1.2480-1.2510 may hit the market

Below 1.2300 more drop movement will be expected toward 1.2215-30 zone

  Support Resistance
Level 1 1.2300 1.2425-30
Level 2 1.2215-30 1.2510
Level 3 1.2150 1.2570
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