GBPUSD 2018-09-18

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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

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