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 July 25, 2016

GBP/USD continues to struggle with the support zone of 1.3076, after a huge decline it had during Friday's session. Currently, the pair is doing a consolidation below the 200 SMA on the H1 chart, and an eventual breakout below the 1.3076 level will open the doors to test the 1.2976 price zone. The MACD indicator is entering positive territory and supporting a possible bullish idea for the Cable.

GBPUSDH1.png

H1 chart's resistance levels: 1.3148 / 1.3266

H1 chart's support levels: 1.3076 / 1.2976

Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the GBP/USD pair breaks a bullish candlestick; the resistance level is at 1.3148, take profit is at 1.3266 and stop loss is at 1.3026.

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