Forex Trading Library

GBP/USD –15.01.2025

Technical Analysis
By Rami Abu-Draa
GBP/USD –15.01.2025
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GBPUSD managed to hold trades above the support of 1.2035 so far and managed to hit some rebound correction movement towards the resistance zone of 1.2210-60.

The resistance zone of 1.2210-60 could push for another drop wave to test 1.2035.

Above 1.2260 more advance will be expected with resistances at 1.2375 and 1.2540.

SUPPORT RESISTANCE
LEVEL1 1.2140 1.2260
LEVEL2 1.2035 1.2375
LEVEL3 1.1915 1.2540

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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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