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 June 09, 2016

GBP/USD moved sideways, heading lower yesterday, as it has been trying to consolidate again below the 200 SMA on the H1 chart. Currently, the Cable could start to extend the decline toward the 1.4464 level, where a breakout can happen for a bearish consolidation. The overall structure is still telling us that the Cable is trapped in a big range structure.

GBPUSDH1.png

H1 chart's resistance levels: 1.4530 / 1.4649

H1 chart's support levels: 1.4464 / 1.4402

Trading recommendations for today: Based on the H1 chart, place sell (short) orders only if the GBP/USD pair breaks a bearish candlestick; the support level is at 1.4464, take profit is at 1.4402 and stop loss is at 1.4528.

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