The pound fell below 1.3380 and added more of a drop towards the target 1.3285.
The pound fell below 1.3380 and added more of a drop towards the target 1.3285.
As we see over the chart, the market is now facing a resistance zone at 1.3380-99, where as long as prices hold below it, the drop pressure could continue towards 1.3000.
Above 1.3400 the market could gain more strength which could lead towards 1.3575.
SUPPORT | RESISTANCE | |
LEVEL1 | 1.3180 | 1.3380-99 |
LEVEL2 | 1.3000 | 1.3575 |
LEVEL3 | 1.2705 | 1.3735 |
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