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GOOGL Will Increase One More Day and Then Fall NASDAQ: GOOGL has been on an incline for about a month. Reaching past its resistance 1 level. Could it reach resistance 2 in the next day, I would not bet on it. There is probably a higher chance that it will fall back to resistance 1 or even further. If not now, than it will eventually rest in the next week around the 745.00 mark. However, with a recent spike since the beginning of July we could see a significant dip in GOOGL to around the support number of 702.89. I would definitely not buy right now, not enough room for GOOGL to grow in the next few days. Go check it out.
GBPUSD BREXIT ANALYSISTRADE WITH CARE THIS WEEK AS FUNDEMENTALS WILL RESULT IN MAJOR VOLATILITY ACROSS THE GBP AND EUR PAIRS!.
A FULL ANALYSIS BREAKDOWN WILL BE UPLOADED ONTO MY YOUTUBE CHANNEL BedroomBillions, Follow me on Twitter & Instagram @ Billionsfx , for regular market analysis
Following the upcoming brexit referendum gbpusd is likely to see large amounts of volatility, the pair is currently forming a triple top at key daily resistance @ 1.46838 zone, this is also in confluence with 200 ma which has been providing resistance for the pair.
The descending trendline has also acted as key resistance for the pair since September 2015 which we have seen many big downside movements off. A break ( and maybe restest if lucky to see one ) will warrant long entries to the upside target highlighted @ 1.52744.