Forex Trading Library

GBPUSD 2018-04-04

By Rami Abu-Draa Last updated Oct 31, 2021

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

GBP managed so far to hold Intraday support 1.4010 intact which managed to push market toward 1.4090-1.4120 zone as we advised yesterday

Intraday may hold trades between those levels support 1.4010 & resistance 1.4090-1.4120

Above 1.4120 market may add more advance wave toward 1.4200-40

Below 1.4010 market may show new signals for farther drop to test 1.3930-50 zone

Below 1.3930 more drop toward 1.3780 may hit the market

	Support	Resistance
Level 1	1.4010	1.4090-1.4120
Level 2	1.3930-50	1.4200-40
Level 3	1.3780	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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