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 22, 2016

The cable keeps trading higher ahead of the Brexit referendum, and we can highlight the resistance found around the 1.4730 level. Currently, the pair targets to decline toward the 1.4597 level, where a breakout should happen for another lower move to the 1.4464 level, which also coincides with the 200 SMA on the H1 chart. The MACD indicator is favoring the bearish scenario as it's showing negative signs.

GBPUSDH1.png

H1 chart's resistance levels: 1.4730 / 1.4806

H1 chart's support levels: 1.4597 / 1.4464

Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the GBP/USD pair breaks a bullish candlestick; the resistance level is at 1.4730, take profit is at 1.4806 and stop loss is at 1.4652.

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