Forex Trading Library

GBPUSD 2017-08-15

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GBPUSD continue the drop scenario as Inflation data over UK unexpectedly hold steady which may push market for farther drop

Pound now facing support level at 1.2850-60 zone while below this level another support level at 1.2810, where one of those supports may push the market for rebound correction toward 1.2930 or toward 1.3020-50

Below 1.2815 market may enter new drop wave while first target will be at 1.2720

  Support Resistance
Level 1 1.2850-60 1.2930
Level 2 1.2810 1.3020-50
Level 3 1.2720 1.3150
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