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*

Analysis of GBP/USD for August 23, 2017

analytics599d7c76363f3.png

Recently, the GBP/USD pair has been trading downwards. The price tested the level of 1.2792. According to the 30M time frame, I found that resistance at 1.2810 is on the test and my advice is to watch for potential selling opportunities. The Stochastic oscilator is showing overbought conditions, which is another sign of weakness. My advice is to watch for potential selling opportunities. The downward targets are set at the levels of 1.2750 and 1.2700.

Resistance levels:

R1: 1.2885

R2: 1.2950

R3: 1.2990

Support levels:

S1: 1.2785

S2: 1.2745

S3: 1.2685

Trading recommendations for today: watch for potential selling opportunities.

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