Forex Trading Library

GBPUSD 2018-10-01

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British pound managed to fell below 1.3125 last week where market managed to test 1.3040 as we advised 

Market managed to print below 1.3040 which may be the first siganls of more drop toward 1.2800 zone

Intraday Levels showing resistance at 1.3060-90 zone where as long as market holding below more drop toward 1.2800-20 zone will be expected

Above 1.3090 more advance to test 1.3150-60 resistance line which in turn may provide a drop correction

Above 1.3160 more advance toward 1.3260 is expected

  Support Resistance
Level 1 1.3000 1.3060-90
Level 2 1.2900 1.3160
Level 3 1.2800 1.3260
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