Forex Trading Library

GBPUSD 2018-04-24

By رامي أبو دراع Last updated Oct 31, 2021

British Pound still holding downtrend pressure despite the correction mode that shadowing Intraday with resistance at 1.3975

As long as market holding below 1.3975 the downtrend wave may sustain toward 1.3850 or 1.3715-35 zone

Above 1.3975 market may restore some strength where 1.4030 will become as second resistance at market

Above 1.4030 more advance toward 1.4100 will be expected

	Support	Resistance
Level 1	1.3920	1.3975
Level 2	1.3850	1.4030
Level 3	1.3715-35	1.4100

رامي أبو دراع

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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