GBP/USD analysis for 2nd September 2019

GBP/USD – Analysis for 2nd September

First working day in September there will no be high movement. We expect that price will move from 1.2117 to 1.2191.

SHORT trend scenario could be if we see clear break at 1.2097, in that case price will continue to go down at least till 1.2050.

Monday will be good day for trading GBP/USD since that price will floating all day between 1.2100 to 1.2150. Any break between those 2 prices will define trend for next 2 days at least.

RSI is very mixed from 30 to 70 without clear sign of trend.

Pivot points:

Resistance 1: 1.2217

Resistance 2: 1.2253

Resistance 3: 1.2277

PIVOT: 1.2193

Support 1: 1.2157

Support 2: 1.2133

Support 3: 1.2097

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Investing In The Forex International Market

It is not uncommon for people who have found success in the day trade market to want to expand into the international currency market. Since many of the online trading companies do not trade in the Forex Market, making this decision is a little bigger than just clicking on a button. It requires the use of another site and another program to get started. It is a great market to get involved in, and if you are a Forex Broker or someone that has a good grasp of Forex analysis, you are a perfect candidate for this type of trade.


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Is It Safe?



With the currencies of the world moving so significantly these days, there is a lot of money to be made in the Forex Market. It may seem intimidating at the moment with some of the seismic shifts going on in the world, but with the right information and all the useful tools at your fingertips, you could really find yourself improving your portfolio quickly.



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