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*

GBP/USD analysis for August 08, 2017

analytics5989b334053c2.png

Recently, the GBP/USD has been trading sideways at the price of 1.3017. The analysis from yesterday is still active. According to the 1H time frame, I found that price has broken the rising wedge formation in the background and that sellers are in control. My advice is to watch for potential selling opportunities. The downward targets are set at the price of 1.2950 and 1.2815.

Resistance levels:

R1: 1.3060

R2: 1.3090

R3: 1.3115

Support levels:

S1: 1.3010

S2: 1.2985

S3: 1.2960

Trading recommendations for today: watch for potential selling opportunities.

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