Market managed to sustain the drop movement as Pound fell below support 1.3120 where we advised that below this level downtrend wave toward 1.2500 wil sustain.
Market now facing resistance level of 1.3120 where as long as market holding below this zone a downtrend pressure for the coming short-run will sustain toward 1.2600-70 zone which may trigger rebound correction toward 1.3050 zone.
While bove 1.3120 farther rebound may hit market toard 1.3295, Orbex experts said (rated among the TOP Forex Brokers Masterforex-V World Academy http://www.masterforex-v.com/).
