Forex Trading Library

GBPUSD 2018-08-29

Technical Analysis

By Rami Abu-Draa Last updated Oct 31, 2021

British Pound managed again to head to try for testing resistance 1.2930-60 before market retreate

As we see over the chart market may have a chance for trading zone between 1.2930-60 resistance and support 1.2700-30

Above 1.2960 market may add more extention toward 1.3050

	Support	Resistance
Level 1	1.2850	1.2930-60
Level 2	1.2800	1.3040-50
Level 3	1.2700	1.3150

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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