GBPUSD 2017-01-31

GBPUSD 2017-01-31

GBPUSD managed to hold downtrend pressure where managed today to test 1.2420 as we advised yesterday

market now having chance for rebound correction toward 1.2520 zone

below 1.2420 market may set another drop movement toward 1.2350 and 1.2250-70 zone which in turn may provide another rebound correction movement

Support Resistance
Level 1 1.2420 1.2520
Level 2 1.2350 1.2615
Level 3 1.2250-70 1.2675

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