FxGrow Support
Recruit
- Messages
- 58
FxGrow Daily Technical Analysis – 10th May, 2016
By FxGrow Research & Analysis Team
The British pound looks bearish ahead of inflation report
The GBPUSD is still moving lower as it is paving the way toward the 38.2% Fibonacci retracement 1.4310. Both inflation report and ‘BREXIT’ puts pressure on the pound as policymaker’s views on monetary policy are now mixed. Breaking the support point 1.4355 creates a bearish signal to touch the next support levels 1.4315 and 1.4280.
To read this Full in depth Analysis please visit FxGrowhttp://www.fxgrow.com/analysis-educ...cal-analysis-fxgrow-free-forex-analysis-tools.
Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
By FxGrow Research & Analysis Team
The British pound looks bearish ahead of inflation report
The GBPUSD is still moving lower as it is paving the way toward the 38.2% Fibonacci retracement 1.4310. Both inflation report and ‘BREXIT’ puts pressure on the pound as policymaker’s views on monetary policy are now mixed. Breaking the support point 1.4355 creates a bearish signal to touch the next support levels 1.4315 and 1.4280.
To read this Full in depth Analysis please visit FxGrowhttp://www.fxgrow.com/analysis-educ...cal-analysis-fxgrow-free-forex-analysis-tools.
Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.