GBPUSD 2018-08-15

Posted on

British pound managed almost to test resistance zone 1.2830-50 yesterday where market managed to add more drop pressure toward moe drop

Market managed to hit 1.2690 where Intrdaya Signals start to show ability for some rebound correction toward 1.2780 or 1.2830-50 zone again where from there the downtrend view will back again on market

Below 1.2690 the chance for farther drop toward 1.2590 is possible

  Support Resistance
Level 1 1.2690 1.2735
Level 2 1.2650 1.2780
Level 3 1.2590 1.2830-50
(Visited 1 times, 1 visits today)

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.

- Website

START TRADING

or practice on DEMO ACCOUNT

Trading CFDs Involves high risk of loss

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.

© Orbex