GBPUSD 2018-10-29
GBPUSD managed to hit target 1.2800 last week
Intraday Levels still showing first resistance around 1.2850-70 while second resistance laying around 1.2925-55 zone
As we see over the chart, as long as market holding below one of those resistances the downtrend pressure will resume for more drop
Above 1.2955 the chance for bigger rebound toward 1.3080 and above may hit the market
Support | Resistance | |
Level 1 | 1.2780 | 1.2850-70 |
Level 2 | 1.2660-80 | 1.2925-55 |
Level 3 | 1.2580 | 1.3080 |