GBPUSD 2018-01-16

Posted on

As we advised yesterday and as we see over our previous chart

British Pound failed to break above resistance 1.3820-40 which activated another drop correction wave that may target 1.3640-60 zone as we advised before

From that zone 1.3640-60 willl expect the uptrend to back again to affect market toward 1.3820-40 again

below 1.3640-60 market may risk for farther drop movementmaybe toward 1.3535

  Support Resistance
Level 1 1.3720 1.3780
Level 2 1.3640-60 1.3820-40
Level 3 1.3580 1.3900
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