GBPUSD 2018-08-06
British pound managed to met target 1.3000 zone as we advised last week
market resumed drop today where market seems trying to test support levels of our downtrend channel which is around 1.2850-75 zone
As we see over the chart, that support 1.2850-75 may drive for rebound correction toward 1.3000-40 zone
Below 1.2850 market may head for farther drop wave which may target 1.2775 and 1.2590
Support | Resistance | |
Level 1 | 12850-75 | 1.2950 |
Level 2 | 1.2770 | 1.3000 |
Level 3 | 1.2715 | 1.3040-50 |