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Technical analysis is wonderfully suited for the trading of binary options based on certain underlying asset-categories. Obviously, there are assets out there which are best traded with solid fundamental analysis, but as a general rule, the technical and fundamental aspects of the analysis process are not mutually exclusive, quite the contrary: they complement one another...
Although GBP/USD is currently holding onto its upward trend in the medium term, a heavy downward trend is also possible as the pair faces bearish threats. The upward trend is likely to continue if the pair breaks and holds above the 1.7176/88 level. If this fails, support lies within the 1.7058/60 and a break will...
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