British Pound back to face downtrend pressure

British Pound back to face downtrend pressure

Rami
12 (10) 2016 - 09:35 (GMT)
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Market managed to hit Intraday target (1.2200) yesterday as previous report advised (see here) while market managed to head for rebound correction on early trades today where market facing resistance zone (1.2320-30).

Intraday-Levels showing back for downtrend pressure to affect market where as long as market holding below (1.2330) another dip toward (1.2120-40) will be expected again.

Above (1.2330) more advance may hit market toward (1.2390-1.2400) while above this zone market may add more bonus toward old resistance (1.2450-80) 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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