Forex Trading Library

GBPUSD 2018-05-21

By Rami Abu-Draa Last updated Oct 31, 2021

British Pound managed early today to break below support 1.3460 which may activate another drop wave toward 1.3300-20 zone

Market may hold Intraday trading levels between 1.3300 and 13460

Above 1.3470 market may head for rebound correction toward 1.3570-90

Below 1.3300 more drop toward 1.3220 will be expected

	Support	Resistance
Level 1	1.3375	1.3460
Level 2	1.3300-20	1.3525
Level 3	1.3220	1.3570-90

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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