GBPUSD 2018-07-30

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British Pound managed to hold trades below downtrend channel resistance where market still looking for farther drop to test 1.3000 zone

Intraday Levels showing resistance at 1.3160-80 where will expect from this zone another drop toward 1.3000 zone

Above 1.3220 market may head for farther advance to test and threat 1.3360 resistance

  Support Resistance
Level 1 1.3070 1.3160-80
Level 2 1.3000 1.3220
Level 3 1.2950 1.3300
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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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