GBPUSD 2017-06-08
![](https://assets.iorbex.com/blog/wp-content/uploads/2017/06/18045705/593921f66c346-750x430.png)
as we see over the chart, market still holding trades below resistance line of the uptrend channel where resistance zone at 1.2950-70
market still awaiting U.K. election where in general a win for conservative party may push market up toward 1.3100 and 1.3200 depending on percentage of that win.
from another hand a Hung Parliament or a labour party win may hit market for drop wave toward 1.2300-1.2500 zone
Support | Resistance | |
Level 1 | 1.2895 | 1.2950-70 |
Level 2 | 1.2830 | 1.3050 |
Level 3 | 1.2755-75 | 1.3160 |