GBPUSD managed to break below 1.4130 last week which placed more drop pressure to test 1.4040-50 zone
Market managed to break below 1.4040 which as we advised last week may placed market on new downtrend wave
Intraday Levels showing support at 1.3930-40 which may place trading zone toward 1.4030-50 which in turn may push back the downtrend wave
Above 1.4050 more advance toward 1.4100 and 1.4150 may have a chance
Below 1.3930 market may enter another drop wave toward 1.3850 and 1.3715-35 is expected
| Support | Resistance | |
| Level 1 | 1.3930-40 | 1.4030-50 |
| Level 2 | 1.3850 | 1.4100 |
| Level 3 | 1.3715-35 | 1.4150 |
