British pound retreat toward first support levels

British pound retreat toward first support levels

Rami
10 (08) 2016 - 15:09 (GMT)
0

GBPUSD retreat after the fail of break resistance level (1.3105) while closing to first support level (1.2995) for the Intraday-Levels

from this support level (1.2995) will expect market to try again to head up where above (1.3105) will expect farther advance where second resistance at (1.3185)

as we advised this morning, this model will fail if market broke below yesterday low (1.2955) where below this level more drop will be available toward Short-Run target (1.2900) and below 

Intraday-Levels Traders need to keep Stop-Loss below this level (1.2955) 

 

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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