GBPUSD 2018-07-26

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British pound managed to test support 1.3070-80 last Monday where managed to advance and closed today from target 1.3250

As we see over the chart the downtrend line is around 1.3230-50 now while as long as market holding above 1.3150 the chance for more advance to test 1.3230-50 is available

Below 1.3150 the market may face more downtrend pressure to head to test 1.3000 zone

Above 1.3250 market may add more atrength to threat the 1.3360-80 resistance zone

  Support Resistance
Level 1 1.3150-60 1.3230-50
Level 2 1.3070 1.3360-80
Level 3 1.3000 1.3460
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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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