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*

GBP/USD analysis for August 01, 2017

analytics598070f6e9865.png

Recently, the GBP/USD pair has been trading upwards. As I expected, the price tested the level of 1.3239. Anyway, according to the 15M time frame, I found a fake breakout of yesterday's high at the price of 1.3225, which is a sign that buying looks risky today. There is also a hidden bearish divergence on the moving average oscillator and a broken upward trend line, which is another sign of potential weakness. The downward targets are set at the prices of 1.3170,1.3150 and 1.3100.

Resistance levels:

R1: 1.3260

R2: 1.3310

R3: 1.3390

Support levels:

S1: 1.3130

S2: 1.3050

S3: 1.3000

Trading recommendations for today: watch for potential selling opportunities.

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