FORECAST BY MARIUS GHISEA (July 6-11)

According to the weekly chart, the top at 1.5933 level has been confirmed for the next few weeks. There  is a high probability that this pair to fall below 1.55. So, GBP/USD will be in downtrend for the next weeks.

GBPUSDweekly.png-page-001 (1)

According to MACD on the daily chart, this pair is in downtrend until at least 50% Fibo level. Even if GBP/USD rises for short term, in medium term can go around 1.5268.

GBPUSDdaily-page-001 (1)

 

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 >>> )
Rate this post:
(No Ratings Yet)
Loading...

  Recommended by ProfitF

Forex Broker | Binary Broker | ForexVPS | FX-Signals | BO-signals

FBS-profitF

Improve Your Trading Skills - Don't miss our new posts!

---