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 23, 2016

Today is the Brexit's referendum day and markets will keep an eye on the latest updates about the results and how the polls' sentiment will be favoring to the "Remain" or "Leave" options. GBP/USD, as the major GBP pair, is expected to experience huge volatility during this day and tomorrow morning at least, as the results come. Today it's better to refrain from taking intraday positions, as the cable is likely to have irregular moves during sessions. On a technical basis, we should note that a strong resistance is placed around the 1.4750 level and one key support lies at the 1.4464 level where the 200 SMA is located.

GBPUSDH1.png

H1 chart's resistance levels: 1.4730 / 1.4806

H1 chart's support levels: 1.4597 / 1.4464

Trading recommendations for today: We don't recommend to hold positions on GBP/USD today because of Brexit Referendum.

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