GBPUSD 2018-07-12

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GBPUSD also showing weak signals with market print below 1.3190 moment ago

As long as market holding trades below resistance 1.3225-35 more drop to test 1.3100-10 zone is expected which may provide some rebound correction

Below 1.3100 more drop to threat the old support 1.3050 is expected

Above 1.3235 a chance for more advance may took place with resistance around 1.3300

  Support Resistance
Level 1 1.3155 1.3225-35
Level 2 1.3100 1.3300
Level 3 1.3050 1.3365
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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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