GPBUSD Bullish Movement is expected


Active Trader
Feb 23, 2014
It shows that GBPUSD has found a support around 1.6760 level by a horizontal support and fibo 61.8% level of recent low and high. Now bullish movement expected again targeting 1.6920 area. But a break and close below 1.6760


Analysis by: Preferforex, Forex Signal & Trade copy provider

RISK WARNING: Trading foreign exchange (“Forex”), Commodity futures, options, CFDs and SpreadBetting on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial adviser if you have any doubts. This is not any trade recommendation.