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 11, 2017

The pair starts a decisive week as it can be the latest one of the year, in terms of volatility. BoE's interest rate decision is due this Thursday and GBP/USD is preparing the ground to decide the next path. If the pair manages to break above 1.3417, then we can expect an advance towards the 1.3541 level. MACD indicator remains in the negative territory, favoring to the downside.

GBPUSDH1.png

H1 chart's resistance levels: 1.3417 / 1.3541

H1 chart's support levels: 1.3303 / 1.3228

Trading recommendations for today: Based on the H1 chart, buy (long) orders only if the GBP/USD pair breaks a bullish candlestick; the resistance level is at 1.3417, take profit is at 1.3541 and stop loss is at 1.3298.

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