Forex Trading Library

GBPUSD 2016-08-15

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As we see over our previous chart which we placed before US economic data last friday

market managed to head up to test resistance level of the downtrend channel around 1.3025 where managed from there to activate short-sell orders that push market toward weekly lows

market still looking toward 1.2850-70 target

below 1.2795 new downtrend wave may control market

  Support Resistence
Level 1 1.2900 1.2950
Level 2 1.2850 1.3000-35
Level 3 1.2795 1.3105
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