British Pound back to test support zone

British Pound back to test support zone

Rami
30 (09) 2016 - 11:16 (GMT)
0

British Pound managed to retreat as previous reports advised while today managed to re-test Short-Run support zone as previous Short-Run report show (see here).

Intraday-Levels still showing support zone at (1.2915-30) which if market managed to hold trades above another rebound may hit market where resistance zone at (1.3020-30) where above this zone more advance will be available toward (1.3100) zone.

Main resistance for Intraday still at (1.3140-50) which still holding the downtrend wave for Intraday.

Below (1.2915) more drop will be expected toward (1.2800-50) 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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