Forex trading signals and analysis for GBPUSD – 01 Jul 2014

Forex trading signals and analysis for GBPUSD – 01 Jul 2014

Analysis:

GBPUSD was the biggest mover in the forex market yesterday. The Pound moved lower toward 1.70 after Mortgage Approval data but reverse immediately and speed up to break 1.71 in late of European session.

The bullish trend is clearly very strong now and we expect the Cable will continue to move higher.

Screenshot 2014-07-01 10.22.58

Forex Trading Signal:

Our strategy today is to looking for buy signals around 1.7040 – 1.7060 to join the bullish trend of the Cable

+1.7300 – 1.7330

+1.7200

Support zone:

+1.7040 – 1.7065

+1.700

+1.6920

+1.6840

+1.6780

+1.6725

+ 1.669

+ 1.666

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