Forex Trading Library

GBPUSD 2018-03-26

Technical Analysis

By Rami Abu-Draa Last updated Oct 31, 2021

GBPUSD managed to hold support 1.4075 where managed to head for more advance as we advise last week

Intraday Levels showing resistance at 1.4230-40 which may provide drop correction toward 1.4100 zone

Above 1.4240 market will be expected to resume advance toward old target 1.4280

Below 14075 more drop toward 1.3980-90 is expected

	Support	Resistance
Level 1	1.4170	1.4230-40
Level 2	1.4075	1.4280
Level 3	1.3980-90	1.4345

Rami Abu-Draa

Head of Technical Analysis at Orbex, Rami Abu Draa
holds a bachelor's degree in Banking, Finance and Economics. A professional trader and mentor with over 10 years of industry experience, Rami is passionate about sharing his knowledge with Orbex clients from basic to advanced concepts of Technical Analysis, Investment psychology and Investment/Trading methodologies. He is able to combine fundamental and technical principles to deliver a unique perspective on the markets that enables Orbex traders to identify high-probability trading opportunities.

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