GBPUSD 2017-12-18

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British pound managed to test 1.3300-20 zone last week while Intraday levels showing a trading zone between 1.3300 and 1.3390

As long as market holding below 1.3390 the downtrend pressure will sustain over market toward 1.3220-30 zone

Above 1.3390 market may head again for another try to re-tets downtrend line around 1.3440-80 zone which in turn may activate again the downtrend wave toward 1.3220-30 zone

Above 1.3480 market may enter new uptrend wave toward 1.3550 and 1.3620

 

  Support Resistance
Level 1 1.3300-30 1.3390
Level 2 1.3260 1.3440-80
Level 3 1.3200-20 1.3550

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