Forex Trading Library

GBPUSD 2017-05-11

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GBPUSD managed to head again today to test 1.2900 support zone , while market expect BOE not to move to raise rate as country moving into Brexit

Pound now facing resistance at 1.2940-50 zone while support at 1.2850-60 zone

above 1.2950 more advance will be expected where 1.3030-50 zone may be expected target

below 1.2850 more drop toward 1.2755-75 zone will be available

as BOE meet today high volatility may hit GBPUSD

  Support Resistance
Level 1 1.2900 1.2940-50
Level 2 1.2850-60 1.2990
Level 3 1.2755-75 1.3030-50
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