GBPUSD 2018-07-16

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As we advisd last week

GBPUSD managed to rebound from support 1.3300-10 while market managed today to brek above 1.3210 resistace

As long as market holding above this zone our target will remain toward 1.3310-50 zone

another resistance laying around 1.3330 which may provide some drop correction at market

Above 1.3360 more advance toward 1.3450-70 will be expected

Below 1.3210 more drop may hit the market toward 1.3150 and 1.3100-10

  Support Resistance
Level 1 1.3210-20 1.3330
Level 2 1.3150 1.3360
Level 3 1.3100 1.3450-70
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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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