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 December 29, 2016

Despite low trading volume in the financial markets, GBP/USD managed to break the sideways range below the 1.2249 level and it's pointing to test the demand zone of 1.2185. It's highly likely that the pair will continue to trade around that area because the overall picture is still bearish across the board. However, MACD indicator is turning positive, favoring for more upsides.

GBPUSDH1.png

H1 chart's resistance levels: 1.2250 / 1.2317

H1 chart's support levels: 1.2185 / 1.2121

Trading recommendations for today: Based on the H1 chart, sell (short) orders only if the GBP/USD pair breaks a bearish candlestick; the support level is at 1.2185, take profit is at 1.2121 and stop loss is at 1.2250.

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