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*

Technical analysis of GBP/USD for January 29, 2018

GBPUSDH1.png

Overview:

  • Pivot : 1.1415.
  • A trend in the USD/GBP pair was argumentative as it was trading in a narrow sideways channel, the market showed signs of instability. Amid the previous events, the price is still moving between the levels of 1.4217 and 1.4044. Resistance and support are seen at the levels of 1.4217 (also, the double top is already set at the point of 1.4347) and 1.4044 respectively. Therefore, it is recommended to be cautious while placing orders in this area. So, we need to wait until the sideways channel has completed. The current price is seen at 1.4115 which represents a key level today. The level of 1.4217 will act as the first resistance today. Hence, if the pair fails to pass through the level of 1.4217, the market will indicate a bearish opportunity below the strong resistance level of 1.4217. Sell deals are recommended below the level of 1.4217 with the first target at 1.4044. If the trend breaks the support level of 1.4044, the pair is likely to move downwards continuing the development of a bearish trend to the level 1.3972.
The material has been provided by InstaForex Company - www.instaforex.com