GBPUSD 2017-01-13
British Pound managed to print below 1.2170 yesterday in signs of more drop correction is coming
As long as market holding below resistance 1.2250-70 another drop wave will be expected toward 1.2080-1.2100 zone
From that zone 1.2080-1.2100 will expect another advance wave to hit the market
Above 1.2270 market may gain strength to sustain more advance
Support | Resistance | |
Level 1 | 1.2140 | 1.2250-70 |
Level 2 | 1.2080 | 1.2315 |
Level 3 | 1.2040 | 1.2365-90 |