GBPUSD 2017-02-06
As we advised last week and as we see over our previous chart
So far market seems heading to re-test 1.2410-20 support zone which if managed to hold trades above another rebound correction toward 1.2650-75 may hit the market before downtrend retrieve for farther drop toward 1.2250-70
Below 1.2410 market may sustain this drop wave which may lead for another re-test for 1.2250-70 zone
Support | Resistance | |
Level 1 | 1.2410-20 | 1.2530 |
Level 2 | 1.2350 | 1.2580 |
Level 3 | 1.2250-70 | 1.2670 |