Antony_NPBFX
NPBFX Representative (unconfirmed)
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GBP/USD: general review on 22/06/2017
Good afternoon, dear forum visitors!
NPBFX offers the latest release of analytics on the GBP/USD for a better understanding of the current market situation and more efficient trading.
Current trend
The pair GBP/USD continues to show instability in view of political events in the UK. Yesterday the pair dropped during early trading having tested the support level 1.2600. But after the promises of Prime Minister Theresa May to organize the Brexit procedure as mildly as possible, the price moved to 1.2700. Due to high volatility it is impossible to forecee futher movements of the price, and current marker instability may remain until the beginning of Brexit negotiations.
Today in the absence of important macroeconomic releases from the UK and the USA attention should be paid to technical indicators.
Support and resistance
On the H4 chart the pair is trading between the middle and lower lines of Bollinger Bands and is showing side movement. MACD histogram is in the negative zone with the sale signal weakening. Stochastic is in the neutral area showing side movement and does not give a clear signal for entering the market.
Support levels: 1.2635, 1.2600.
Resistance levels: 1.2700, 1.2750, 1.2780, 1.2800.
Trading tips
Short positions may be opened from the current level with targets at 1.2600 and stop-loss at 1.2700.
Long positions may be opened from the level of 1.2720 with targets at 1.2780 and stop-loss at 1.2690.
The period of implementation is 1-2 days.
Use more opportunities of the NPBFX analytical portal: analytics
You can find more actual analytical reviews on other popular currency pairs, metals and CFDs on the NPBFX online portal. Daily analytics with charts, current market prognoses and trading scenarios in the Feed section are available. Get free and unlimited access to the online portal after registering on the official website of NPBFX Company.
If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.
Use the current recommendations of analysts on GBP/USD and trade efficiently with NPBFX.
Good afternoon, dear forum visitors!
NPBFX offers the latest release of analytics on the GBP/USD for a better understanding of the current market situation and more efficient trading.
Current trend
The pair GBP/USD continues to show instability in view of political events in the UK. Yesterday the pair dropped during early trading having tested the support level 1.2600. But after the promises of Prime Minister Theresa May to organize the Brexit procedure as mildly as possible, the price moved to 1.2700. Due to high volatility it is impossible to forecee futher movements of the price, and current marker instability may remain until the beginning of Brexit negotiations.
Today in the absence of important macroeconomic releases from the UK and the USA attention should be paid to technical indicators.
Support and resistance
On the H4 chart the pair is trading between the middle and lower lines of Bollinger Bands and is showing side movement. MACD histogram is in the negative zone with the sale signal weakening. Stochastic is in the neutral area showing side movement and does not give a clear signal for entering the market.
Support levels: 1.2635, 1.2600.
Resistance levels: 1.2700, 1.2750, 1.2780, 1.2800.
Trading tips
Short positions may be opened from the current level with targets at 1.2600 and stop-loss at 1.2700.
Long positions may be opened from the level of 1.2720 with targets at 1.2780 and stop-loss at 1.2690.
The period of implementation is 1-2 days.
Use more opportunities of the NPBFX analytical portal: analytics
You can find more actual analytical reviews on other popular currency pairs, metals and CFDs on the NPBFX online portal. Daily analytics with charts, current market prognoses and trading scenarios in the Feed section are available. Get free and unlimited access to the online portal after registering on the official website of NPBFX Company.
If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.
Use the current recommendations of analysts on GBP/USD and trade efficiently with NPBFX.