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 July 27, 2020:

Technical Market Outlook:

The GBP/USD pair has been moving up since the market opened after the weekend, so the new temporary swing high was made at the level of 1.2857. Moreover, the bulls had broken out from the ascending channel, which is rather another confirmation of the positive sentiment despite the overbought market conditions. The next target for bulls is seen at the level of 1.2869 and 1.2900. The nearest support is seen at the level of 1.2816 and 1.2786.

Weekly Pivot Points:

WR3 - 1.3215

WR2 - 1.2993

WR1 - 1.2929

Weekly Pivot - 1.2717

WS1 - 1.2632

WS2 - 1.2427

WS3 - 1.2355

Trading Recommendations:

On the GBP/USD pair the main trend is down, which can be confirmed by the down candles on the weekly time frame chart. The key long-term technical support is seen at the level of 1.1404. The key long-term technical resistance is seen at the level of 1.3518. Only if one of these levels is clearly violated, the main trend might reverse (1.3518) or accelerate (1.1404).

analytics5f1e6a87711e7.jpg

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