Forex Trading Library

GBPUSD 2018-06-28

By Rami Abu-Draa Last updated Oct 31, 2021

GBPUSD managed also to head toward target 1.3160-80 as we advised early this week

Pound managed this time to test support level 1.3070 while as long as market holding above this zone a chance for another rebound toward 1.3260-80 is expected

Below 1.3070 more drop may hit the market toward 1.2900 zone

	Support	Resistance
Level 1	1.3070	1.3125
Level 2	1.2980	1.3235
Level 3	1.2900	1.3310

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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