Forex Trading Library

GBPUSD 2018-03-19

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British Pound managed to test support zone 1.3900-20 last week where market managed to print lower prices below this level 

Market managed to head for advance wave as market managed to hold trades above support line channel 1.3860 as we see over the chart

Intraday-Levels showing resistance zone at 1.4050-70 which may provide another dip wave to re-test 1.3900-20 zone again

Above 1.4070 more advance to test 1.4145 resistance is expected which in turn may push for some drop correction

Above 1.4145 more advance toward 1.4270 is expected

Below 1.3880 more drop toward 1.3715-50 is expected

  Support Resistance
Level 1 1.3980 1.4050-70
Level 2 1.3880-99 1.4145
Level 3 1.3715-50 1.4270
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