Forex Trading Library

GBPUSD 2016-12-28

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as we advised last week and as we see over our previous chart

Market managed to break below 1.2300 in signs of more drop yet to come where closing now from our first target 1.2200

Market now facing first resistance at 1.2300-20 zone where as long as market holding below more drop yet to come toward 1.2200 and 1.2100 zone

Above 1.2330 more advance may hit market toward 1.2400 zone

  Support Resistance
Level 1 1.2200 1.2265
Level 2 1.2150 1.2300-20
Level 3 1.2080-1.2100 1.2400
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