LeoPrime Daily Market Analysis

We are a forex and commodities intermediary that accommodates
wide-ranging trading services to create the most user-friendly trading environment..

GBPUSD reversed from support zone; Likely to rise to resistance level 1.42000.

GBPUSD currency pair previously reversed up from the support zone lying between the support level 1.41000 (which has been reversing the price from the start of May), lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward impulse from last month. Given the prevailing uptrend that can be seen on the daily charts – GBPUSD currency pair can be expected to rise further toward the next resistance level 1.42000 (top of the previous minor corrective wave B from the start fo June).

Company Info

We are a forex and commodities intermediary that accommodates wide-ranging trading services to create the most user-friendly trading environment for both retail and institutional clientele. With years of gathered expertise as experience, we are not just invested in keeping up with the latest but also in generating custom solutions that are executable swiftly. Discover and flourish in our business model that has evolved to meet the skills of ace and naïve of a tyro with equal proficiency. If you’re looking to make the choice, then wait no further.