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*

June 15, 2021 : GBP/USD Intraday technical analysis and trade recommendations.

analytics60c8e3c2e86de.jpg

In April, Bearish Persistence below 1.3800 favoured bearish decline towards the 1.3600 levels. Bearish breakout below 1.3600 was needed to enhance further bearish decline.

However, the GBPUSD pair was contained above the demand level of (1.3660) a few times before the backside of the depicted broken channel could be retested around 1.4150 which applied significant bearish pressure on the pair.

Transient Bearish pullback was taking place until another bullish breakout occurred shortly afterwards.

Moreover, Failure to maintain bearish pressure below 1.3800 (76% Fibonacci Level) has enhanced another bullish movement for retesting of the price level of 1.4240 where 100% Fibonacci Level is currently located.

Please note that around the price levels of 1.4200-1.4250, Conservative traders should have anticipated selling pressure and possible SELL Entries.

Moreover, The current bearish decline should be anticipated towards 1.4050 then 1.3950 as initial targets.

Hence, the GBPUSD pair remains trapped between the price levels of 1.4100 and 1.4250 ( the current consolidation range ) Until breakout occurs in either directions (more probably to the downside).

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