British Pound holding support levels

British Pound holding support levels

Rami
25 (09) 2016 - 22:12 (GMT)
0

GBPUSD managed to head for another drop movement as market success to hold trades below (1.3140-50) zone as previous report show (see here), while managed to add more drop to test Short-Run support without any break confirmation.

Intraday-Levels showing resistance level at (1.2975) where as long as market holding trades below the Pound may have chance for another re-test of (1.2920) where below this zone more drop may hit market toward (1.2800-50) zone.

While above (1.2975) market may build uptrend correction wave toward (1.3070-90) zone.

Above (1.2975) the opportunity for Long(Buy) may surface again with take profit at (1.3070-90).

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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