GBPUSD 2018-09-18
British pound managed to hold advance wave after broke above 1.3090 where market cloing from target 1.3200
As we see over the chart, Pound seems building a Rising Wedge formation which may push market for a drop correction toward 1.2900-20 zone and that will stand as long as market holding trades below resistance 1.3200-15
Below 1.3100 the downtrend pressure will be expected to increase
Above 1.3215 market may be under uspect if more advance can be done or not
Support | Resistance | |
Level 1 | 1.3100-20 | 1.3170 |
Level 2 | 1.3050 | 1.3215 |
Level 3 | 1.2950-60 | 1.3280 |