1-Investments in financial products such as-trading foreign exchange -FOREX- 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,any investment should only be done with risk capital.
2-Prices rise and fall and my past performance is no assurance of future performance.
3-I have no warranties or guarantees for my recommendations ,so I'm not responsible for any losses caused by them, you are free to follow them or not but I recommend to use my analysis as an additional tool to your trading style for more confirmations...
Outlook in GBPUSD remains on the upside as long as 1.4915/1.4811 support holds on a daily closing basis , resistance comes at the 1.5080 levels , a halt is likely , but a break would open 1.5162/1.5220 next , further upside will aim the 1.5375 levels.
On the downside , support comes at the 1.4915 levels , below this level will open main support at the 1.4811 levels , losing this level on a daily closing basis will turn outlook neutral and open the 1.4680 levels before the next…Continue
Outlook in EURUSD remains neutral , the pair is in recovery mode as long as trades above 1.0706 levels on a daily closing basis , resistance comes at the 1.0886 levels , a halt is likely , but a clear break would open 1.1036/1.1051 next ,further upside will aim the 1.1182 levels ..
On the downside , support comes at the 10706 levels , sustained breakout below this level will restore the downside momentum and open 1.0618 ahead of 1.0531/1.0461 levels …
In all as long as 1.0706…Continue
Short term outlook in GBPUSD remains on the upside as long as 1.4680/1.4811 support holds on a daily closing basis , resistance comes at the 1.5009 levels , a halt is likely but a break would open 1.5163 next .At this point I’d expect strong resistance from the 1.5163 levels to limit rise from the 1.4565 levels and bring fall resumption , however ; sustained breakout above the 1.5163 levels will have large bullish implication towards the 1.5350/1.5550 levels.
On the downside , a…Continue
Short term outlook in EURUSD remains neutral with risk to the upside as long as 1.0706 support holds on a daily closing basis , stability above the 1.0706 levels mains the pair is in recovery mode . At this point I’d expect strong resistance from the 1.0886/1.1036 levels to limit rise from the 1.0461 levels and bring fall resumption , however , a clear break above the 1.1036 levels will suggest bottoming in mid-term outlook and open the 1.1182 levels …
On the downside , main support…Continue