GBPUSD 2016-10-31
Market managed to head for first advance wave from 1.2130 last Friday while managed today to head for drop correction
Market now showing support zone at 1.2125-35 where from there market may head for another advance wave toward 1.2300 zone
Below 1.2125 market will face the old support zone 1.2080-90 which may activate the uptrend wave again
Below 1.2080 market may enter new downtrend wave with first target toward 1.2000
Support | Resistence | |
Level 1 | 1.2125-35 | 1.2215 |
Level 2 | 1.2080-90 | 1.2245-50 |
Level 3 | 1.2000 | 1.2300-30 |