14.03.201319:02 Forex Analysis & Reviews: GBP/USD - buy above fractal 1.4931 - for March 14, 2013 (daily strategy)

Long-term review

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

After the British pound had touched the low at 1.4830, it recovered. Now the pair is located above the 1.4931 fractal, which increases the chances of a bullish move towards the area 1.5280 resistance. Therefore, any return of the price of the pair to the daily supports will give us the opportunity to buy this pair. Momentum Indicator was in the mixed area, we believe that there may be a setback before the currency continues the rise.

If you need personal consultation, contact me via e-mail: gerardo.porras@analytics.instaforex.com

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.