"Forex trading involves a high level of risk"
GBP/USD trades higher on positive UK GDP, good to buy on dips : FxWirePro | October 25, 2017
• Cable recovers sharply from the low of 1.3110 on account of better than expected UK GDP data. The pair jumped till 1.32224 and is currently trading around 1.3220.
• UK economy expanded by 0.4% in the third quarter of this year compared to forecast of 0.3%. The increase in GDP was due to improvement in Services and Manufacturing.
• The near term major resistance is around 1.3230 and any break above will take the pair to next level till 1.330/1.33374 ( Oct -5.69% 13th 2017 high).
• On the lower side, 1.3170 (55- day EMA ) will be acting as major support and any break below will drag the pair down till 1.30270 /1.3000 level. Bearish continuation can be seen only below 1.3030.
It is good to buy on dips around 1.3205-1.3210 with SL around 1.3170 for the TP of 1.3300/1.33380.
Submit Your Comments:
FOREX VPS FOR TRADERS
FF FOREX 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 Name | Buy Link | CPU | RAM | Disk | BandWidth | Price (Montly) | Price (Quarterly) | Price (Semi-Annually ) | Price (Annually) | Installation | BackUp | Setup Fee |
| ECO-01 | buy now | 1 Core | 756MB | 18GB | Unmetered | $4.99/M | $4.49/M | $3.99/M | $2.99/M | MT4 Pre-Installed | Yes | Free |
| ECO-02 | buy now | 1 Core | 1GB | 22GB | Unmetered | $5.99/M | $5.49/M | $4.99/M | $3.99/M | MT4 Pre-Installed | Yes | Free |
| ECO-03 | buy now | 2 Core | 2GB | 30GB | Unmetered | $9.99/M | $9.49/M | $8.99/M | $7.99/M | MT4 Pre-Installed | Yes | Free |
| ECO-04 | buy now | 2 Core | 3GB | 32GB | Unmetered | $13.99/M | $13.49/M | $12.99/M | $11.99/M | MT4 Pre-Installed | Yes | Free |
| ECO-05 | buy now | 3 Core | 4GB | 40GB | Unmetered | $17.99/M | $17.49/M | $16.99/M | $15.99/M | MT4 Pre-Installed | Yes | Free |
| ECO-06 | buy now | 3 Core | 5GB | 45GB | Unmetered | $21.99/M | $21.49/M | $20.99/M | $19.99/M | MT4 Pre-Installed | Yes | Free |
***We accept Paypal, Perfect Money, Bitcoin !
RECENTLY UPDATED POSTS See All . . »
Bringing Mr. Bollinger to the Table
Surfing the Waves of Volatile Markets
Intraday Trading and High Leverage: Strategies for Rapid Market Movements
How Is FX Trading Regulated Across African Countries?
FX Trading Regulation Around The World
3 Strategies That Can Provide You With Decent Returns In The FX Market
| Money Management |
| Candlesticks Pattern |
| News Trading |
| Could U.S. be on its way to Stagflation |
| Chart Pattern Trading |
| Fibonacci Calculator |
| Pivot Points Calculator |
| [email protected] |
Risk Disclaimer : Security Trading, Forex, Options, Futures and Commodities are highly leveraged products which involves large potential risks. If efficient money management,is not practiced then there are possibilities that you may lose your capital (Margin Call) in a matter of days or even minutes. Before making any transaction, you should ensure yourself that you fully understand the risks involved in the Forex Market. We provide Forex signals and forecasts by the experience on different market conditions, price action, market sensitivity, strategies, analysis and other trading rules; though we we cannot assure you that every signals will gain you profit due to the unpredictable nature of the financial market.
© ForexFunction All Rights Reserved 2014-15