Forex Trading Library

GBPUSD 2018-05-02

0 342

The Pond managed to add rebound correction toward 1.3785 only last Monday befor the downtrend wave resume at market where managed to broke below 1.3715 and closed from target 1.3550

Intraday levels showing first resistance at 1.3660 where as long as market holding below more drop toward 1.3550 is expected where a range trading zone may take plce before market resume drop to test 1.3460 zone

Above 1.3660 the risk for farther advance to test 1.3715 may hit market which in turn may push back the downtrend pressure

Avove 1.3715 more advance toward 1.3810 zone is expected

  Support Resistance
Level 1 1.3550 1.3660
Level 2 1.3460 1.3715
Level 3 1.3350 1.3810
Leave A Reply

Your email address will not be published.