GBPUSD 2018-08-01

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As we advised early this week and as we see over our previous chart

British Pound managed to hold trades below downtrend channel resistance where market still looking for farther drop to test 1.3000 zone

Intraday Levels showing resistance at 1.3160-80 where market managed to test yesterday while we will expect from this zone another drop toward 1.3000 zone

Above 1.3220 market may head for farther advance to test and threat 1.3360 resistance

  Support Resistance
Level 1 1.3070 1.3160-80
Level 2 1.3000 1.3220
Level 3 1.2950 1.3300


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