MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network

Archive

Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 © www.moneygrows.net

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

Popular

Pages

Expert In

Name*


Message*

Daily analysis of GBP/USD for January 19, 2016

The pair showed little movement on Monday in quiet dealing due to the holiday in the United States. Nevetheless, the tone is still bearish and the 200 SMA is pointing to the downside at H1 chart, so our outlook suggests further decline. The next support is located at 1.4198 and a break below this level will expose GBP/USD to test the 1.4080 level.

1453152880_GBPUSDH1.png

H1 chart's resistance levels: 1.4309 / 1.4373

H1 chart's support levels: 1.4198 / 1.4080

Trading recommendations for today: Based on the H1 chart, place sell (short) orders only if GBP/USD breaks a bearish candlestick; the support level is at 1.4198, take profit is at 1.4080, and stop loss is at 1.4309.

The material has been provided by InstaForex Company - www.instaforex.com