GBPUSD 2018-09-06

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British Pound managed to hold support 1.2780 where managed to head for rebound correction toward target 1.2920-40 and more

Market now facing the downtrend line around 1.2980-99 zone where as long as market holding below the downtrend pressure may back on market toward 1.2730-50 zone

Above 1.3045 market may head for another advance wave that may target 1.3200 zone

  Support Resistance
Level 1 1.2875 1.2980-99
Level 2 1.2780 1.3045
Level 3 1.2700-30 1.3150
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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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