GBPUSD 2016-10-24
![](https://assets.iorbex.com/blog/wp-content/uploads/2016/10/18075735/580dd8eadf1fe-750x430.png)
GBPUSD managed to rebound from support level of the uptrend line where base set at 1.2170
market facing resistance at 1.2250-60 zone which keep the chance for downtrend pressure ongoing so far
above 1.2260 market may back to re-test 1.2300-30 resistance zone
below 1.2170 more drop willl be expected toward 1.2100-20 zone
Support | Resistence | |
Level 1 | 1.2170 | 1.2250-60 |
Level 2 | 1.2100-20 | 1.2300-30 |
Level 3 | 1.2000 | 1.2380 |