British Pound testing resistance zone

British Pound testing resistance zone

Rami
12 (08) 2016 - 13:16 (GMT)
0

GBPUSD tested resistance zone (1.3025-35) after lower than expected US data while Intraday-Levels showing that as long as market holding below the downtrend channel resistance (1.3035) more drop yet to come toward potential target (1.2850-70)

above (1.3035) market may build uptrend wave that may target (1.3160-80) which will face first resistance at (1.3100) that may drive for some drop correction before resume uptrend toward target (1.3160-80) as we see over the chart

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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