Forex Trading Library

GBPUSD 2018-07-05

By Rami Abu-Draa Last updated Oct 31, 2021

GBPUSD managed also to sustain advance where market managed to reach Short-Run targets 1.3260-80

Market still have room for more advance where Short-Run resistance zone as we see over the chart laying around 1.3310-30

If Pound failed to break above this zone another drop wave may be expected toward 1.3070-90 zone

Above 1.3330 Pound may gain more strength to march toward 1.3450-70 zone

	Support	Resistance
Level 1	1.3280-1.3310	1.3215
Level 2	1.3400	1.3170
Level 3	1.3450-70	1.3070

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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