Forex Trading Library

GBPUSD 2016-08-05

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British Pound slump yesterday after BOE easing monetary measures which sent the market down more than 200 pips

Technical see resistance level at 1.3200-10 zone where as long as market holding below this zone more drop will be expected towrd 1.3050 and 1.2900 levels

above 1.3210 market may obtain bigger rebound correction where resistance at 1.3280 and 1.3370 

  Support Resistence
Level 1 1.3100 1.3200-10
Level 2 1.3050 1.3280
Level 3 1.2900 1.3370
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