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  1. #1
    josefx is offline Junior Member
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    May 2014
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    Default GPBUSD Bullish Movement is expected.

    It shows that GBPUSD has found a support around 1.6760 level by a horizontal support and fibo 61.8% level of recent low and high. Now bullish movement expected again targeting 1.6920 area. But a break and close below 1.6760 on daily chart can make this scenario invalid.

    By: PreferForex


    RISK WARNING: Trading foreign exchange (“Forex”), Commodity futures, options, CFDs and SpreadBetting on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial adviser if you have any doubts. This is not any trade recommendation.
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    Last edited by josefx; 06-17-2014 at 09:25 PM.

  2. #2
    josefx is offline Junior Member
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    Default the forecast is became 100% accurate

    please see your terminal that happened accordingly
    Last edited by josefx; 06-17-2014 at 09:23 PM.

  3. #3
    vic84 is offline Banned
    Join Date
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    Default

    the pair had a very positive trend and the support seems sufficient for the pair to move higher.

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