GBPUSD 2016-08-19
![](https://assets.iorbex.com/blog/wp-content/uploads/2016/08/18084959/57b6ea0161648-750x430.png)
As we advised before, market failed to break above resistance 1.3175 which drove for drop correction as our previous chart showing yesterday
market now facing support zone at 1.3070-90 where as long as market holding above will expect farther advance to break above 13175-85 zone and to sustain advance toward 1.3300 – 1.3400 zone
below 1.3070 market may build new drop correction wave that may target 1.2940
Support | Resistence | |
Level 1 | 1.3070-90 | 1.3185 |
Level 2 | 1.3000 | 1.3335 |
Level 3 | 1.2940 | 1.3400 |