Technical analysis of GBP/USD for May 18, 2017

Today, if the GBP/USD can breach and close bellow the 1.2954 they will go to 1.2939 as they first target and the 1.2919 as the secondary (optional) target, otherwise if they can breach and close above the 1.2984 they will going up to 1.2999 as the primary target and the 1.3019 as the optional target.

Disclaimer: Trading Forex (foreign exchange) 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 advisor if you have any doubts.

About Arief Makmur

Born May, 15th/1970 at Jakarta; Graduate from Trisakti University in 1998 at Major: Corporate & Bussiness Law. Starting in Finance World in 1998 at Jakarta Stock Exchange & Familliar with Forex Market since December 2003. Single Man Interests: Trading In The Forex Market
This entry was posted in MAY 2017, Technical Analysis. Bookmark the permalink.

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