GBPUSD 2016-12-21
![](https://assets.iorbex.com/blog/wp-content/uploads/2016/12/18070753/585a5d6751add-750x430.png)
Market managed to meet target 1.2300-30 which may activate some rebound correction
As long as market holding above (1.2300) another rebound correction toward (1.2425) may hit market, where above this zone more advance toward 1.2480-1.2510 may hit the market
Below 1.2300 more drop movement will be expected toward 1.2215-30 zone
Support | Resistance | |
Level 1 | 1.2300 | 1.2425 |
Level 2 | 1.2215-30 | 1.2510 |
Level 3 | 1.2150 | 1.2570 |