Forex Trading Library

GBPUSD 2017-05-22

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as we advised last week and as we see over our previous chart

GBPUSD managed to head for drop correction as market sustain trades inside uptrend channel as we see

market managed to test support level of the channel around 1.2890 where market managed to rebound fast from that zone

market may sustain trades inside this trading zone where resistance level become at 1.3100 zone

above 1.3100 expect more advance toward 1.3260

below 1.2890 more drop toward 1.2755-75 zone is expected

  Support Resistance
Level 1 1.2960 1.3020
Level 2 1.2890 1.3100
Level 3 1.2830 1.3260
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