The GBPUSD pair found sellers from the 1.3433 key resistance level last Friday and dropped sharply to the 1.3305 key support level. If the price breaks down and stays below 1.3305, on a four-hourly basis, the bearish action may gain more momentum. At this point, the next daily support level will stand at 1.3241. Otherwise, if the price rises above 1.3305, we will face 1.3370 again as a resistance level.
Support: 1.3305 - 1.3241 – 1.3199
Resistance: 1.3370 – 1.3432 - 1.3485
18 Dec 17 (Mon)
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