
GBPUSD hit 1.3590 again and managed to break above it, which set the course towards a second target of 1.3745-75.
As we see over the chart, prices face support around 1.3575-95, where as long as the market holds above it, more advance towards 1.3745-75 will be expected.
Below 1.3575 more of a drop could hit the market with the second support at 1.3480 could activate the advance wave again.
Below 1.3480 more of a drop will be expected with support around 1.3330.
Above 1.3775 more advance toward 1.3900-50 could hit the market.
SUPPORT | RESISTANCE | |
LEVEL1 | 1.3575-95 | 1.3745-75 |
LEVEL2 | 1.3480 | 1.3900-50 |
LEVEL3 | 1.3330 | 1.4115 |
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