British pound preparing for farther advance

British pound preparing for farther advance

Rami
02 (09) 2016 - 13:42 (GMT)
0

As we see over the chart, GBPUSD holding trades above resistance zone of the Triangle Formation (1.3290 – 1.3310) which may support farther advance over Short-Run.

If market managed to obtain daily close today above (1.3325-35) this will consider as confirmation for the breakout , while market holding above (1.3290 – 1.3310) is enough to hold the uptrend wave toward (1.3480) while this course will face another resistance at (1.3370).

Downtrend risk will be in case if market fell below (1.3230)

GBPUSD

× Article short link: https://ramifx.com/?S9W2iZ

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 .

leave a comment