Forex Trading Library

GBPUSD 2018-03-28

By Rami Abu-Draa Last updated Oct 31, 2021

GBPUSD managed to hold support zone 1.4060-70 yesterday where managed to head for rebound correction toward target 1.4200-20 zone as we advised yesterday

Market still facing resistance zone at 1.4200-40 zone where as long as market holding below another drop wave toward 1.3980-90 zone will be expected

Above 1.4240 market may head for farther advance where another resisance laying at 1.4345

	Support	Resistance
Level 1	1.4135	1.4220-40
Level 2	1.4060-70	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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