Join our telegram community
Telegram Facebook Twitter

Forex news

range
February 5, 2020
0 comments
92 Views

GBPUSD AWAITING BEARISH CLOSE

The British pound is starting to firm above the 1.3000 level against the US dollar after sellers failed to close the daily candle below the 1.2960 level. The GBPUSD pair could trade in a price range between the 1.3000 and 1.3100 levels over the short-term. The latest news towards Brexit should decide whether the GBPUSD pair falls under the 1.2960 level or breaks above the 1.3170 level.

  • The GBPUSD pair is only bullish while trading above the 1.3000 level, key resistance is found at the 1.3170 and 1.3200 levels.

  • The GBPUSD pair is only bearish while trading below the 1.3000 level, key support is found at the 1.2960 and 1.2900 levels.

Leave a Reply

Your email address will not be published. Required fields are marked *

About Us

Range Markets (SV) Ltd is incorporated in St. Vincent & the Grenadines as a Business Company with registration number 22768 BC 2015.

Facebook Linkedin

Policy

Trading Tools

Quick Link

rangeforex.com is owned & operated by Range Markets Ltd incorporated in St. Vincent & the Grenadines as an IBC with the registration number 22768 BC 2015. The objects of the Company are all subject matters not forbidden by Business Companies (Amendment and Consolidation) Act, Chapter 149 of the Revised Laws of Saint Vincent and Grenadines, 2009, in particular but not exclusively all commercial, financial, lending, borrowing, trading, service activities and the participation in other enterprises as well as to provide brokerage, training and managed account services in currencies, commodities, indexes, CFDs and leveraged financial instruments.

 

Range Markets Group of company operates and provides contents for this website, which include:

  • Range Markets (SV) Ltd, Company reg 22768 BC 2015 with registered address Euro House, Richmond Hill Road, Kingstown, St. Vincent, and The Grenadines.
  • Range Markets SA (PTY) Ltd, Company offers derivative instruments and long and short-term deposits to users in South Africa in its capacity as a Juristic Representative of TD Markets (Pty) Limited (Authorised FSP 49128), an authorised financial services provider in South Africa.

 

Risk Warning: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. There is a possibility that you may sustain a loss of some or all of your 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.

Copyright ©2024 Range Markets (SV) Ltd All rights reserved