GBPUSD 2016-12-29

GBPUSD 2016-12-29

market managed to meet first target 1.2200 yesterday before heading for rebound correction

market still facing the old resistance 1.2300-20 where as long as market holding below another drop wave will be expected toward second target 1.2100

above 1.2320 more advance toward 1.2400 will be expected

Support Resistance
Level 1 1.2240 1.2300-20
Level 2 1.2200 1.2400
Level 3 1.2100 1.2480

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