Forex Trading Library

GBPUSD 2016-08-03

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As market delay with the uptrend movement this may reduce our target toward 1.3400-10 zone where a triangle formation may have resistance there that may stop any advance while support zone around 1.3160 which may hold the short-run range between those levels untill tomorrow BOE rate decision 

above 1.3410 market will face another resistance zone at 1.3450-80

while below 1.3160 market will face support at 1.3055 before resuming drop toward 1.2900 zone

  Support Resistence
Level 1 1.3285 1.3400-10
Level 2 1.3160 1.3450-80
Level 3 1.3055 1.3535
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