Forex Trading Library

GBPUSD 2017-06-06

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British pound still holding trades above support 1.2755-75 as we advised last week while market approaching from U.K election this thursday 

market facing resistance at 12950 while support at 1.2755-75, where market may hold trade zone inside this levels as we advised last week

above 1.2950-60 more advance toward 1.3040-50 is expected, while above this zone more advance toward 1.3160 and 1.3260 may hit the market

below 1.2755 more drop toward 1.2620 is expected

  Support Resistance
Level 1 1.2830 1.2950
Level 2 1.2755-75 1.3050
Level 3 1.2620 1.3160
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