British Pound and drop pressure for Intraday-Levels

British Pound and drop pressure for Intraday-Levels

Rami
29 (08) 2016 - 07:20 (GMT)
0

After locating Support & Resistance levels for the GBPUSD over Short-Run Levels with increase chance for coming Trading Zone as previous report advise (see here) we will try to set the resistance and support for the Intraday-Levels trading

After market retreated below (1.3160) drop pressure have increased where market will face 2 support zone which one of them may set for rebound correction before resume the drop movement

(1.3170) level will be the resistance zone where as long as market holding below the downtrend movement will sustain

While (1.3025) & (1.2980) will consider as support zone which one of them may set rebound correction course toward (1.3160-70)  

GBPUSD

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Rami

Rami

Hi all, my name is Rami, with more than 16 years experience in Forex Market, switching from Brokerage field to Fund Management and Risk Management specialty.I had an idea to establish a Home Page to present my thoughts on Forex Market from three different angle or prospective, Mid-Run, Short-Run & Intraday movements .

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