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*

We trade with the Bank of England

The new reference level for the upward impulse for the GBP/USD pair is 1.2987. This mark became the starting point of strong growth of the instrument yesterday. The close of trading occurred above the banking resistance zone. This indicates that there is a great interest in buying the British currency both from large players and speculators. Holding on to purchases opened last week is the main strategy today. For repeated purchases, the price will need to be held above the level of 1.3119 for several days.

analytics5f90f28be19fd.jpg

If today's close will go above the banking zone, then any decline in the next five days will become corrective. The probability of a return to the banking level of 1.2987 is not high, however, the most favorable prices for buying the instrument are located at this mark.

An alternative pattern will look like a fall in the pair to the starting point of yesterday's impulse 1.2987. This will allow you to buy the British pound at the best possible price. This model should be considered as an auxiliary one because the probability of such a deep correction formation is below 50%.

analytics5f90f28f2f0b5.jpg

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