GBPUSD resuming the downtrend wave

GBPUSD resuming the downtrend wave

Rami
04 (08) 2016 - 13:53 (GMT)
0

BOE rate decision with adding more equity for the Quantitative Easing program weighing on British Pound for more drop movement as we explain earlier on different time levels

as we see over the chart for the Intraday-Levels, Pound fell below support level of the Triangle Formation below (1.3200) which will keep downtrend pressure ongoing to test (1.3050-60) zone before maybe some rebound correction may hit market befor back to resume drop toward Short-Run target (1.2900)

above (1.3200) more advance may be valid where second resistance laying at (1.3280)

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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