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*

Daily analysis of GBP/USD for December 28, 2016

GBP/USD is still supported by the 1.2250 and it's expected to remain within that tone across the board, at least during the last week of the year. The resistance zone of 1.2317 will play a key role ahead of January, as it could bring some barrier to the bulls in the first week of trading on 2017. If a breakout happens over there, it can cling to test the 1.2390 area.

GBPUSDH1.png

H1 chart's resistance levels: 1.2318 / 1.2390

H1 chart's support levels: 1.2249 / 1.2185

Trading recommendations for today: Based on the H1 chart, sell (short) orders only if the GBP/USD pair breaks a bearish candlestick; the support level is at 1.2249, take profit is at 1.2185 and stop loss is at 1.2312.

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