GBPUSD 2016-08-29
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GBPUSD failed to break above resistance 1.3250-75 which may set a trading zone between those resistance and support zone 1.2910-40
Market now facing resistance at 1.3170 where as long as market holding below a drop movement may sustain where market will face 2 support zones at 1.3025 and 1.2980 which may drive for rebound correction before downtrend continue toward 1.2940 zone
Support | Resistence | |
Level 1 | 1.3025 | 1.3170 |
Level 2 | 1.2980 | 1.3240 |
Level 3 | 1.2910-40 | 1.3275 |