After the Flash crash over GBPUSD last friday, market back to hold trades inside tight zone where downtrend pressure still affecting the market
market now facing resistance at 1.2445-55 where as long as Pound holding trades below another dip toward 1.2200 will be expected
above 1.2455 market may add more advance ability where above 1.2490 expect farther movement to test 1.2600 zone
SUPPORT RESISTANCE
LEVEL1 1.2365 1.2445-55
LEVEL2 1.2290 1.2490
LEVEL3 1.2200 1.2600
market now facing resistance at 1.2445-55 where as long as Pound holding trades below another dip toward 1.2200 will be expected
above 1.2455 market may add more advance ability where above 1.2490 expect farther movement to test 1.2600 zone
SUPPORT RESISTANCE
LEVEL1 1.2365 1.2445-55
LEVEL2 1.2290 1.2490
LEVEL3 1.2200 1.2600
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.