Forex Trading Library

GBPUSD-17.92026

Technical Analysis
By Rami Abu-Draa
GBPUSD
0 8

GBPUSD seems building a downtrend channel where market support is around 1.3370 and resistance at 1.3500.
As we see over the chart, the market could hold this trading channel.
Below 1.3370 more of a drop toward 1.3280 is likely.
Above 1.3500 more advance toward 1.3675 is likely.

SUPPORT RESISTANCE
LEVEL1 1.3370 1.3500
LEVEL2 1.3280 1.3565
LEVEL3 1.3140 1.3675
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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