British Pound facing Short-Run resistance zone

British Pound facing Short-Run resistance zone

Rami
06 (12) 2016 - 11:41 (GMT)
0

GBPUSD managed to head toward targets (1.2770-90) after printing above (1.2630) level as previous Intraday-level report advised (see here).

While (1.2770-90) and (1.2870) will consider as resistance levels for the coming Short-Run, where as long as market holding trades below one of those resistances the downtrend wave will still valid toward (1.2560-80) zone.

Above (1.2790) market may head to test (1.2860-70) which in turn may activate the downtrend wave again

Above (1.2880) market may build new uptrend wave that may target (1.3350) 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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