Forex Trading Library

GBPUSD 2017-05-09

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British Pound managed to fell below 1.2945 which may activate farther drop movement as we explained yesterday

however Intraday levels showing support at 1.2900 which may activate rebound correction toward 1.2950

below 1.2900 more drop is expected to test 1.2850-60 zone< while below this zone more drop toward 1.2755-75 is expected

from another side market still facing main resistance zone at 1.3005-10

  Support Resistance
Level 1 1.2900 1.2960
Level 2 1.2850-60 1.2985
Level 3 1.2755-75 1.3005-10
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