GBPUSD 2018-07-23

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British pound also managed to resume drop last week where managed to test our support zone 1.2950-75 which drive for another rebound toward 1.3100-10 and avbove as we advised

Pound managed to break 1.3110 resistance which may drive for farther advance toward 1.3250-60 zone

As long as maret holding above support 1.3070-80 more advance toward 1.3250-60 is expected

Below 1.3070 market may risk for farther drop toward 1.3000 and maybe 1.2950

  Support Resistance
Level 1 1.3070-80 1.3180-90
Level 2 1.3000 1.3250-60
Level 3 1.2950 1.3300-10
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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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