GBPUSD 2018-04-02

Posted on

As we advised last week

GBPUSD still trying to sustain drop pressure to test support 1.3980-90 zone 

As long as market keep holding trades below resistance 1.4090-1.4120 another dip toward 1.3980-90 OR 1.3930-50 zone will be expected which in turn may activate another rebound wave toward 1.4200-40 zone as we see over the chart

Below 1.3930 market may head for farther drop wave toward 1.3780 OR 1.3715-30

Above 1.4120 market may restore strength for farther advance toward 1.4200-40 zone

  Support Resistance
Level 1 1.3980-90 1.4090-1.4120
Level 2 1.3930-50 1.4200-40
Level 3 1.3780 1.4345
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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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