MFIForex

Make money in trading the FOREX market with our free daily signal (entry price, SL&TP)delivered into your phone and watch your account grow consistently.
Inbox all your inquiries.
Call / text INTERESTED to 08187305904 / 09098200890

Heading lower.

• GBP/USD continues to move lower. Hourly
resistance is given at 1.2917 (18/08/2017 high).
Hourly support at 1.2812 (12/07/2017 low) has
been broken. Expected to show continued
bearish pressures.

• The long-term technical pattern is even more
negative since the Brexit vote has paved the way
for further decline. Long-term support given at
1.0520 (01/03/85) represents a decent target.
Long-term resistance is given at 1.5018
(24/06/2015) and would indicate a long-term
reversal in the negative trend. Yet, it is very
unlikely at the moment.