FORECAST BY MARIUS GHISEA – GBP/USD (November 2-6)

The GBP/USD currency pair is in an uptrend. The price reached EMA 200 on 8 hour chart and this is a confirmation that the pair will continue to rise in the medium term. The MACD on 8 hour chart also indicates the uptrend.

GBP 8h

According to the MACD on the daily chart, GBP/USD is also in an uptrend. The price reached 30 Fibo level and this indicates that the pair might go up around 1.5750 in the medium long term.

GBP daily

MariusG
Marius Ghisea – fund manager and advisor for institutional and individual investors. 11 years experience in forex market. Marius G. provides advices for long term investors with low risk strategies investments. Technical analyst at ProfitF.com ( Go to Ghisea Marius Facebook group >>> )
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