Forex Trading Library

GBPUSD 2018-06-25

By Rami Abu-Draa Last updated Oct 31, 2021

British Pound managed to hold trades above support zone 1.3070 where market managed to head for rebound correction toward 1.3280-1.3310 target zone as we advised last week

Market still facing resistance zone at 1.3310 where as long as market holding below another drop correction toward 1.3160-80 will be expected

Above 1.3310 market may gain more strength to march toward 1.3400-10 zone while above that another resistance laying at 1.3470

	Support	Resistance
Level 1	1.3220-50	1.3310
Level 2	1.3160-80	1.3400-10
Level 3	1.3070	1.3470

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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