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 September 14, 2017

GBP/USD did a retracement on UK data released during Wednesday's session and it looks like a leg lower could happen towards the support zone of 1.3209, at which a breakout should open the doors to test the 200 SMA on H1 chart. However, the risk to the upside still prevails and we would prefer that scenario with a first target placed at 1.3367.

1505322821_GBPUSDH1.png

H1 chart's resistance levels: 1.3271 / 1.3367

H1 chart's support levels: 1.3209 / 1.3113

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 1.3271, take profit is at 1.3367 and stop loss is at 1.3176.

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