GBPUSD 2018-08-13

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British pound managed to hit target 1.2850-75 last week where managed to break below this support where more drop was expected toward 1.2775 (done at market) and toward second target 1.2590

Intraday levels showing resistance at 1.2790 and 1.2850 where as long as market holding below on of those resistances more drop will be expected toward 1.2590

Above 1.2850 market may add more bonus toward 1.2910

  Support Resistance
Level 1 1.2715 1.2790
Level 2 1.2645 1.2850
Level 3 1.2585 1.2910
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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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