GBPUSD 2018-03-21

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As we advised yesterday and as we see over our previous chart

GBPUSD managed to head for drop correction to test support 1.3990 where market managed to print few pips below this level which is not break

As long as market sustain trades above 1.3980-90 another chance for another advance to test 1.4140-60 zone is expected before market head for another drop wave toward 1.3900-20 zone

from another hand if market fell below 1.3980-90 more drop will be expected which may lead for another test for the uptrend line around 1.3890-1.3920 zone

Above 1.4160 market may Or may not continue advance toward 1.4280

Below 1.3890 more drop toward 1.3750-80 zone is expected

Support Resistance
Level 1 1.3980-90 1.4090
Level 2 1.3890 1.4140-60
Level 3 1.3750-80 1.4280
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Rami Abu-Dra`a is a Chief Technical Analyst at Orbex and a holder of B.S Degree in Banking & Financial Science / Subsidiary Economic. Rami ‘s strategic vision of forex markets, enhanced by more than a decade of trading experience, allows him to efficiently mix fundamental and technical analyses, and find the best investment ideas for Orbex traders.

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Rami Abu-Dra`a is a Chief Technical Analyst at Orbex and a holder of B.S Degree in Banking & Financial Science / Subsidiary Economic. Rami ‘s strategic vision of forex markets, enhanced by more than a decade of trading experience, allows him to efficiently mix fundamental and technical analyses, and find the best investment ideas for Orbex traders.

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