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 April 11, 2017

GBP/USD still struggles to consolidate below the 1.2300 handle, as we saw during Monday's session a recovery move to the upside, in an effort to reach the 200 SMA at H1 chart. That level remains as dynamic resistance across the board and if the pair tests it, then we could expect further pullbacks to take place toward the 1.2333 level. To the upside, the target lies at the 1.2488 zone.

1491853411_GBPUSDH1.png

H1 chart's resistance levels: 1.2407 / 1.2488

H1 chart's support levels: 1.2333 / 1.2292

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 1.2407, take profit is at 1.2488 and stop loss is at 1.2327.

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