Forex Trading Library

GBPUSD 2016-08-08

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British Pound managed to hold downtrend wave as market sustain trades below resistance (1.3200) as we advised last week

market now showing resistance at (1.3105) where as long as market holding below more drop is expected toward (1.2900)

above (1.3105) market may add more advance where second resistance at (1.3185) which may drive the downtrend movement again

above 1.3185 market may head for farther advance toard (1.3280) zone

  Support Resistence
Level 1 1.3020 13105
Level 2 1.2900 1.3185
Level 3 1.2800-50 1.3280
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