British Pound back under Short-Run drop pressure

British Pound back under Short-Run drop pressure

Rami
09 (04) 2017 - 23:40 (GMT)
0

GBPUSD retreated last Friday below 1.2375 as sign of downtrend pressure may dominate the coming Short-Run

First resistance level laying at 1.2410 while as long as market holding below 1.2490 more drop yet to come toward target support 1.2180-1.2200 which in turn may provide rebound correction toward 1.2300 levels again

Below 1.2180 the downtrend scenario may sustain as we see over the chart where market may hold chance for attacking 1.1980-1.2100 support zone

Above 1.2490 the uptrend scenario may restore strength to re-test 1.2600-25 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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