Forex Trading Library

GBPUSD 2016-10-04

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British Pound fell below 1.2800 zone which triggered another downtrend wave over short run that may target 1.2500-50 zone as we advised before

intraday will face resistance at 1.2795 which may hold the downtrend pressure

while short run see main resistance at 1.2865 and 1.2915-30 where as long as market holding trades below those level the downtrend wave will sustain toward 1.2500 zone

  Support Resistence
Level 1 1.2700 1.2795
Level 2 1.2600 1.2865
Level 3 1.2500-50 1.2915-30
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