Forex Trading Library

GBPUSD 2016-08-11

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British Pound managed to hit below 1.2955 which indicate for ability to resume drop movement toward 1.2900 zone

below 1.2900 market may head for farther drop to test 1.2855 while main support at 1.2795 zone where below this support another downtrend wave may hit the market

first resistance at 1.2990 and 1.3025 where as long as market holding below those levels the downtrend pressure will sustain

  Support Resistence
Level 1 12900 1.2990
Level 2 1.2850 1.3025
Level 3 1.2795 1.3060
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