GBPUSD 2017-01-24
market managed to hold advanced toward 1.2510 as we advised yesterday, while market managed to hold trades below resistance 1.2550 which triggered another drop correction as we advised
market now facing support at 1.2430 and 1.2370, where as long as market holding above 1.2370 another advance to re-visit 1.2550 will be expected
above 1.2550 market may trigger new uptrend wave toward 1.2700 zone
below 1.2370 market may head for farther drop to re-test 1.2250-70 zone
Support | Resistance | |
Level 1 | 1.2430 | 1.2550 |
Level 2 | 1.2370 | 1.2625 |
Level 3 | 1.2250-70 | 1.2700 |