GBPUSD 2018-09-04

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British Pound managed to head for the drop correction as we advised last week while managed to open on gap price affected by Brexit talk

Pound now closing from second target 1.2800 zone while as we see over the chart as long as market holding trades above support 1.2780-1.2800 zone another rebound correction may hit market toward 1.2920-40 zone

Below 1.2780 Market may head for farther drop where market may threaten the old support 1.2650

  Support Resistance
Level 1 1.2780-1.2800 1.2870-90
Level 2 1.2700 1.2940
Level 3 1.2650 1.3000
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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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