Forex VPS
Forex VPS
ForexFunction Logo

"Forex trading involves a high level of risk"

Forex VPS
 Forex Live Heat Map |  Market Comments |  Technical Indicator Signals |  Cross Pair Rates |  Live Spread |  Live Charts |  Daily Pivot Points

GBPUSD: Buy on dips : FxWirePro | May 24, 2018

Print PDF

GBPUSD 0.41% has shown a massive recovery of almost 80 pips from the intraday low of 1.33400 after UK retail sales data. The pair hits high of 1.34215 at the time of writing and is currently trading around 1.34050.

UK retail sales has shown a strong bounce back in Apr 0.00% after cold weather in previous month. The UK retail sales jumped a monthly 1.6% in Apr 0.00% much more than decline of 1.1% in Mar and better than forecast of 0.8%.

The pair declines sharply from intraday high of 1.34216 and near term resistance is around 1.345 any break above will take the pair to next level till 1.3476 (10- day MA)/ 1.3557 (20- day MA)/1.3620. Short term trend is still weak as long as resistance 1.3620 holds. Any break above 1.3620 will take the pair till 1.3680/1.3760.

The major support is around 1.3300 and any break below will drag the pair down till 1.3230/1.3200.

It is good to buy on dips around 1.3395 with SL around 1.3340 for the TP of 1.3500/1.3550.


Submit Your Comments:

 Forex Trading VPS


Windows 2012R2/2016 | Server Location Amsterdam, France, Canada | Low Latency From Brokers| Super Fast Trading Experience | All types of EA supported | 3 Days Money Back Guarantee

Plan NameBuy Link CPU RAM Disk BandWidth Price (Montly)Price (Quarterly)Price (Semi-Annually )Price (Annually) InstallationBackUpSetup Fee
ECO-01 buy now1 Core 756MB 18GB Unmetered $4.99/M$4.49/M$3.99/M $2.99/M MT4 Pre-InstalledYesFree
ECO-02 buy now 1 Core 1GB 22GB Unmetered $5.99/M$5.49/M$4.99/M $3.99/M MT4 Pre-InstalledYesFree
ECO-03buy now 2 Core 2GB 30GB Unmetered $9.99/M$9.49/M$8.99/M$7.99/M MT4 Pre-InstalledYesFree
ECO-04 buy now2 Core 3GB 32GB Unmetered $13.99/M$13.49/M$12.99/M $11.99/M MT4 Pre-InstalledYesFree
ECO-05buy now 3 Core 4GB 40GB Unmetered $17.99/M $17.49/M$16.99/M$15.99/MMT4 Pre-InstalledYesFree
ECO-06 buy now 3 Core 5GB 45GB Unmetered$21.99/M $21.49/M$20.99/M$19.99/MMT4 Pre-InstalledYesFree

***We accept Paypal, Perfect Money, Bitcoin !