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 July 13, 2017

GBP/USD recovered from Wednesday's lows and it's testing once again the 200 SMA at H1 chart. However, the closest resistance is located around 1.2914, which is the last hurdle to overcome before to reach 1.3011 to the upside and it would be the confirmation that a bullish trend for the mid term has started. MACD indicator supports such scenario.

GBPUSDH1.png

H1 chart's resistance levels: 1.2914 / 1.3011

H1 chart's support levels: 1.2839 / 1.2756

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 1.2914, take profit is at 1.3011 and stop loss is at 1.2818.

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