GBPUSD 2017-03-08

British Pound managed to sustain drop as we advised early this week where managed today to deep in target 12150-80

market still facing resistance at 1.2250 where as long as market holding trades below this level more drop may come latter where below 1.2150 a target for 1.2080 may set on market

the current downtrend wave have main resistance at 1.2375-85 zone where as long as market holding below the downtrend wave will continue for the Short-Run

  Support Resistance
Level 1 1.2150 1.2250
Level 2 1.2080 1.2330
Level 3 1.1980 1.2375-85

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