GBPUSD 2018-03-29

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As we advised yesterday 

GBPUSD managed to hold downtrend pressure where managed to head for farther drop and printed 1.4035 low so far

Intraday Levels showing resistance at 1.4120 where as long as market holding below more drop to test 1.3980-90 zone is expected

As we see over the hcart zone of 1.3980-90 may provide Short-Run support that may lead for another advance toward 1.4240-80 zone

Below 1.3980 with daily close below it may activate farther drop pressure that may lead toward 1.3880-90 zone

 

  Support Resistance
Level 1 1.3980-90 1.4120
Level 2 1.3940 1.4200
Level 3 1.3880-90 1.4240
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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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