
GBPUSD dropped below 1.3575 and managed to test the support trend around 1.3450-80.
As we see over the chart, the uptrend line support is around 1.3420-50, where as long as the market holds above it, the advance wave could move towards the second target of 1.3745-75.
Below 1.3420 more of a drop could hit the market with supports at 1.3330 and 1.3140 where each support has the chance to push for a rebound.
SUPPORT | RESISTANCE | |
LEVEL1 | 1.3420-50 | 1.3575-95 |
LEVEL2 | 1.3330 | 1.3745-75 |
LEVEL3 | 1.3140 | 1.3980 |
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