British Pound back to test support zone

British Pound back to test support zone

Rami
23 (11) 2016 - 09:28 (GMT)
0

GBPUSD managed again to retreat below (1.2410) which placed more drop pressure over market.

Short-Run showing continues drop pressure with chance to re-test support zone (1.2300-30) which may provide another rebound correctional wave toward (1.2550-80) before downtrend pressure back to affect market.

From another hand and below (1.2300) downtrend movement may sustain toward (1.2240) and (1.2160) 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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