Forex Trading Library

GBPUSD 2017-02-08

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British Pound managed to fell below 1.2410 before market managed to head for rebound correction

market now showing 2 scenarios at market:

scenario (1) : market may head for trading zone between 1.2345 – 1.2600 before market resume drop wave toward 1.2250-70 zone

scenario (2) : any break below 1.2345 more drop may hit the market toward 1.2250-70 zone

  Support Resistance
Level 1 1.2410 1.2545
Level 2 1.2345 1.2600-25
Level 3 1.2250-70 1.2705
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