GBPUSD 2017-02-17
![](https://assets.iorbex.com/blog/wp-content/uploads/2017/02/18062220/58a6ddf80a6dc-750x430.png)
As we see over the chart, market managed to re-test downtrend line around 1.2525 before downtrend pressure back to affect market
As long as market holding below 1.2525 the downtrend wave may sustain toward target 1.2250-70
Above 1.2525 more advance toward 1.2640-60 zone may hit the market
Support | Resistance | |
Level 1 | 1.2385 | 1.2500-25 |
Level 2 | 1.2345 | 1.2640-60 |
Level 3 | 1.2250-70 | 1.2705 |