British Pound closing from Short-Run support level

British Pound closing from Short-Run support level

Rami
20 (09) 2016 - 10:59 (GMT)
0

GBPUSD managed to hold trades below resistance (1.3105) which managed to push market for more drop and retreat as previous Intraday-Levels report advised (see here) while market is closing from Short-Run support as we see over the chart.

Short-Run showing support zone (1.2930-50) where market heading toward FOMC meeting tomorrow Wednesday 21/9/2016 and Fed Rate Decision.

Will expect this support zone to push market for rebound correction if Fed kept Rate unchanged, where a rebound correction may hit the Pound toward (1.3280) which may add more bonus toward (1.3400) zone.

Below (1.2920) market will face the last support zone (1.2800-50) where any break below this zone may set the market in new downtrend wave that will target (1.2500) zone.

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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