GBPUSD 2017-01-09
British Pound sustain drop as prime minister Theresa May comments on week end spur fears for coming Brexit .
Market closing now from testing support zone (1.2080-1.2100) which may activate some rebound correction at market
Below (1.2080) more drop will be expected toward (1.2000) zone
Resistance at (1.2200) where as long as market holding below the downtrend pressure will sustain
Above (1.2200) more advance will be expected toward (1.2270)
Support | Resistance | |
Level 1 | 1.2080 | 1.2200 |
Level 2 | 1.2000 | 1.2270 |
Level 3 | 1.1900 | 1.2350 |