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 downside movement signaled


GBP/USD temporary rebound

The GBP/USD pair was rising at the time of writing but the pressure was high after a drop below the uptrend line. The price increased within an up channel but now it has shown some overbought signs.

Escaping from the channel's body signaled that GBP/USD could turn to the downside. In the short term, it has found support at the 1.3722 level. Now, it has increased a little trying to reach and retest the uptrend line or the downtrend line.

GBP/USD conclusion

Staying under the downtrend line and dropping below the 1.3722 today's low could activate a larger downside movement.

The material has been provided by InstaForex Company -