GBPUSD 2016-08-03
As market delay with the uptrend movement this may reduce our target toward 1.3400-10 zone where a triangle formation may have resistance there that may stop any advance while support zone around 1.3160 which may hold the short-run range between those levels untill tomorrow BOE rate decision
above 1.3410 market will face another resistance zone at 1.3450-80
while below 1.3160 market will face support at 1.3055 before resuming drop toward 1.2900 zone
Support | Resistence | |
Level 1 | 1.3285 | 1.3400-10 |
Level 2 | 1.3160 | 1.3450-80 |
Level 3 | 1.3055 | 1.3535 |