British Pound head for more drop within Intraday-Levels

British Pound head for more drop within Intraday-Levels

Rami
03 (10) 2016 - 08:59 (GMT)
0

Afte GBPUSD managed to head for rebound correction toward (1.3020-30) resistance zone as previous report advised (see here) market went for another drop on late trades last Friday with sustain drop pressure after market opening on British Prime Minister (Theresa May) pledged to start pulling the U.K. out of the European Union by March.

Intraday-Levels showing ability for the coming period to hold trading zone between support zone (1.2800-50) and resistance zone (1.2930-50).

Below (1.2800) more drop will be available at market.

While Intraday may provide Long(Buy) opportunity at (1.2800-30) for a rebound movement toward (1.2915-30) with stop loss at (1.2795).

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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