Forex Trading Library

GBPUSD 2017-04-11

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British Pound managed to advance early today after better than expected CPI

Pound still holding trades below resistance 1.2475-90 , where as long as market holding below this zone the downtrend wave will sustain as we advised yesterday toward 1.2180-1.2200 zone

above 1.2490 market may back again to re-test 1.2600-25 zone

 

  Support Resistance
Level 1 1.2400 1.2450
Level 2 1.2365 1.2490
Level 3 1.2325 1.2555
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