Forex Trading Library

GBPUSD 2018-04-18

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British Pound got slam today on lower than expected Inflation data

However market still holding trades above Short-Run support 1.4130, where as long as market holding above this zone more advance toward 1.4380 and 1.4440 still on hand

Below 1.4130 market may head for farther drop to test uptrend swing around 1.4040-50 zone which in turn may push for rebound correction toward 1.4130

Below 1.4040 market may risk for farther drop toward 1.3850

  Support Resistance
Level 1 1.4130 1.4280
Level 2 1.4040-50 1.4380
Level 3 1.3850 1.4440
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