GBPUSD 2018-03-12

Posted on

British Pound still facing downtrend pressure as market facing resistance at 1.3890 and 1.3950

As we see over the chart

and as long as market holding trades below one of those resistances more drop will be expected as we advised last week to test zone 1.3715-35

Above 1.3950 more advance toward 1.4080 is expected

Below 1.3715 more drop toward 1.3630-50 is expected

  Support Resistance
Level 1 1.3780 1.3890
Level 2 1.3715 1.3950
Level 3 1.3630-50 1.4080
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