Forex Trading Library

GBPUSD 2018-07-30

By Rami Abu-Draa Last updated Oct 31, 2021

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

Rami Abu-Draa

Head of Technical Analysis at Orbex, Rami Abu Draa
holds a bachelor's degree in Banking, Finance and Economics. A professional trader and mentor with over 10 years of industry experience, Rami is passionate about sharing his knowledge with Orbex clients from basic to advanced concepts of Technical Analysis, Investment psychology and Investment/Trading methodologies. He is able to combine fundamental and technical principles to deliver a unique perspective on the markets that enables Orbex traders to identify high-probability trading opportunities.

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