British Pound back to test Short-Run support

British Pound back to test Short-Run support

Rami
26 (09) 2016 - 13:12 (GMT)
0

GBPUSD managed today to head for another test for Short-Run support (1.2920) while as long as market holding above this levels another rebound correction will be expected toward (1.3070-90) zone within Intraday-Levels.

Below (1.2915) market may add more drop movement toward second support zone (1.2800-50) which in turn may push the market for some rebound correction.

Market provide good opportunity to Long(Buy) GBPUSD with stop loss at (1.2910) and target toward (1.3050-70).

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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