The GBP/USD pair rose this week, finding support at the crucial 1.59 level. The pair looks like it is going to stay within a few hundred pips range, between 1.59 and 1.61. Until we break out of that range, it might be difficult to take a long-term position. Whichever side we break out of – that is the direction you want to be trading.
Originally posted here
The definitive site about stocks, stock trading and stock news: StocksMansion.com.
About ForexMansion.com:
ForexMansion.com is one of the flagship sites of the global Finance Mansion Network. The Network provides its readers with best technical and fundamental analyses, the most up-to-date news and they most detailed information, helping them make educated decisions for themselves.
The other flagships of our vast international Network are: www.FinanceMansion.com, www.ForexMansion.com, www.StocksMansion.com and www.CommoditiesMansion.com.
Further reading can be done about technical analyses, fundamental analyses and forex news at ForexMansion.com.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.