Forex Trading Library

GBPUSD 2017-08-04

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GBPUSD moved in to drop movement after BOE meeting yesterday as rate unchanged

market now facing support trend for the uptrend channel aound 1.3100-10 where as long as market holding above a chance for another advance wave toward 1.3360 is applicable

below 1.3100 market may enter another drop wave that may target 1.2930 zone

  Support Resistance
Level 1 1.3100-10 1.3200
Level 2 1.3000 13260
Level 3 1.2930 1.3360
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