British pound back to test resistance levels

British pound back to test resistance levels

Rami
16 (08) 2016 - 12:21 (GMT)
0

As we see over the chart, GBPUSD rebound after tested support zone (1.2850-70) as our last Short-Run report advise ( see here ) while managed to test resistance level for the downtrend channel around (1.2990) for the Intraday-Levels

market await USA inflation data which will control market movement , while as long as market holding below (1.3035) a chance for drop correction to re-test (1.2850-70) will be available

above (1.3035) market will add more advance toward (1.3105) while above this zone expect (1.3175)

GBPUSD

× Article short link: https://ramifx.com/?N56m3D

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 .

leave a comment