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 13, 2017

The pair stayed in a sideways range, supported by the 1.3303 level across the board. The 200 SMA at H1 chart still offers a dynamic resistance and it should help to push lower to GBP/USD in order to ride a bearish trend towards the 1.3228 level. However, as long as it remains above 1.3228, our bullish outlook will be untouched.

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