GBPUSD 2017-01-25
Market managed to test support level 1.2430 yesterday where managed to head for farther advance toward 1.2550 and above as we advised yesterday
Now market facing support at 1.2550 where as long as market holding above the march toward 1.2700 will sustain
Below 1.2540 more drop correction may hit market toward 1.2450 before resuming uptrend toward 1.2700
Below 1.2370 market may enter new downtrend correction wave toward 1.2250-70
Support | Resistance | |
Level 1 | 1.2550 | 1.2625 |
Level 2 | 1.2430 | 1.2700 |
Level 3 | 1.2370 | 1.2775 |