GBPSGD bounced off 1.74860 where it could potentially rise further to 1.76483. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
GBPSGD is expected to drop to 1st support at 1.72191 where it could potentially react off and up to 1st resistance at 1.73065. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
A shooting star has formed and prices does not seem to be able to go any higher. It's still currently in a long term bearish trend and we can expect it to fall further below if the current support is broken. Trade with care.