Forex Trading Library

GBPUSD 2018-10-29

By رامي أبو دراع Last updated Oct 31, 2021

GBPUSD managed to hit target 1.2800 last week

Intraday Levels still showing first resistance around 1.2850-70 while second resistance laying around 1.2925-55 zone

As we see over the chart, as long as market holding below one of those resistances the downtrend pressure will resume for more drop

Above 1.2955 the chance for bigger rebound toward 1.3080 and above may hit the market

	Support	Resistance
Level 1	1.2780	1.2850-70
Level 2	1.2660-80	1.2925-55
Level 3	1.2580	1.3080

رامي أبو دراع

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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