British Pound closing from resistance levels

British Pound closing from resistance levels

Rami
22 (09) 2016 - 14:47 (GMT)
0

GBPUSD managed to hold support zone (1.2930-50) which previous report advised (see here) while seems that market is closing from resistance zone (1.3140-50) as we see over the chart.

From that resistance zone market will have chance for another drop correction toward (1.3000-30) zone where new Long(buy) opportunity will rise toward our Short-Run target (see here).

From another hand if market managed to break above (1.3150) this may lead for continues uptrend movement without need for a drop correction.

 

GBPUSD

× Article short link: https://ramifx.com/?47LcIJ

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