Market

GBPUSD is on a bullish momentum! | 11 Oct 2021 for FX:GBPUSD by HMC_Trader

GBPUSD is on a bullish momentum. We foresee a potential entry at 1.36374 in line with our area of Fibonacci confluences and bullish trendline towards our potential take profit at 1.37218 in line with 100% and 61.8% Fibonacci retracement . Technical indicators are showing bullish momentum. Alternatively, prices may dip to our stop loss at 1.36019 in line with 38.2% Fibonacci retracement .

Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients’ best interests and represent their views without misleading, deceiving, or otherwise impairing the clients’ ability to make informed investment decisions. For more information about the FXCM’s internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms’ Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.

Most Related Links :
Business News Governmental News Finance News

Need Your Help Today. Your $1 can change life.

[charitable_donation_form campaign_id=57167]

Source link

Back to top button