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


Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 ©

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.



Expert In



GBP/USD Natural Decline!

GBP/USD is trading in the red at the 1.4055 level and it could continue to drop if the US Dollar Index approaches and reaches new highs. The current sell-off was somehow expected after reaching a resistance zone.

The sentiment changed after the US inflation data was released. The CPI increased by 0.8% in April versus 0.2% expected and compared to the 0.6% growth in March, while the Core CPI registered a 0.9% rise versus 0.3% expected.

GBP/USD Temporary Sell-Off!


GBP/USD found strong resistance right above the R2 (1.4135) and below the 1.4177 static resistance. Its failure to stabilize above the R2 and beyond the 250% Fibonacci line signaled a temporary decline.

Stabilizing below the R1 (1.4060) could signal a further decline towards the first warning line (WL1) and down to the 1.3998 static support.


A potential rejection from 1.3998 and from WL1 could bring a new long opportunity. The current decline may end around these levels as the bias remains bullish in the medium to the long term.

A further upwards movement will be really confirmed after a valid breakout above the 250% Fibonacci line. The level of 1.4177 remains a major upside target, only a valid breakout above it could signal a major swing higher.

The material has been provided by InstaForex Company -