British Pound back to re-test resistance zone

British Pound back to re-test resistance zone

Rami
18 (10) 2016 - 09:20 (GMT)
0

After market managed to hit last Intraday-Levels target around (1.2120-40) zone as previous report advised (see here) , the GBPUSD managed to hold support levels and head again toward another advance where closing from testing resistance level (1.2290-1.2300) again as we see over the chart.

If market failed to break above this resistance another drop will be expected toward (1.2100-20) zone.

Above (1.2330) market may add more advance toward old resistance zone (1.2450-80).

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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