GBPUSD 2017-05-10

as we see over our previous chart, market managed to head for rebound correction from 1.2900 support as we advised yesterday

market managed to advance toward 1.2988 while main resistance still at 1.3005-10 zone

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

above 1.3010 more advance toward 1.3120 will be expected

 

  Support Resistance
Level 1 1.2900 1.2980-1.3010
Level 2 1.2850-60 1.3060
Level 3 1.2755-75 1.3120

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