Forex Trading Library

GBPUSD 2017-10-25

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as we advised yesterday, market managed to hold drop pressure as market tested support 1.3120

Market managed to advance after better than expected GDP over UK

Market seems inside triangle pattern where resistance still at 1.3210-30 zone which may case some drop correction, while first support at 1.3155

Above 1.3230 more advance toward 1.3290-1.3320 is expected

Below 1.3110 more drop toward 1.3030-50 zone is expected

  Support Resistance
Level 1 1.3155 1.3210-30
Level 2 1.3110-20 1.3290-1.3320
Level 3 1.3030-50 1.3355
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