Forex Trading Library

GBPUSD 2017-01-13

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British Pound managed to print below 1.2170 yesterday in signs of more drop correction is coming

As long as market holding below resistance 1.2250-70 another drop wave will be expected toward 1.2080-1.2100 zone

From that zone 1.2080-1.2100 will expect another advance wave to hit the market

Above 1.2270 market may gain strength to sustain more advance

  Support Resistance
Level 1 1.2140 1.2250-70
Level 2 1.2080 1.2315
Level 3 1.2040 1.2365-90
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