GBPUSD 2018-06-25

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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
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Rami Abu-Dra`a is a Chief Technical Analyst at Orbex and a holder of B.S Degree in Banking & Financial Science / Subsidiary Economic. Rami ‘s strategic vision of forex markets, enhanced by more than a decade of trading experience, allows him to efficiently mix fundamental and technical analyses, and find the best investment ideas for Orbex traders.

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Rami Abu-Dra`a is a Chief Technical Analyst at Orbex and a holder of B.S Degree in Banking & Financial Science / Subsidiary Economic. Rami ‘s strategic vision of forex markets, enhanced by more than a decade of trading experience, allows him to efficiently mix fundamental and technical analyses, and find the best investment ideas for Orbex traders.

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