Instant account opening
Site map
Български Čeština English Français Deutsch Italiano Polski Português Русский Slovenský Español Nederlands

InstaForex Client Area

  • Personal settings
  • Access to all InstaForex services
  • Detailed statistics and reports on trades
  • Full range of financial transactions
  • System of managing several accounts
  • Maximum data protection

InstaForex Partner Area

  • Full information on clients and commissions
  • Graphic statistics on accounts and clicks
  • Webmaster instruments
  • Ready-made web solutions and wide range of banners
  • High data protection level
  • Company's news, RSS feeds, and forex informers
Register account
cabinet icon

InstaForex – always at the forefront!Open a trading account and become a part of the InstaForex Loprais Team!

Success history of the team headed by Ales Loprais can become your success history! Trade confidently and head towards leadership like regular participant of Dakar Rally and winner of Silk Way Rally InstaForex Loprais Team does it!

Join in and win with InstaForex!

Instant account opening

Registration is not available for non-EU residents. Please, proceed to the website of the other member of the InstaForex group.
toolbar icon

Trading Platform

For mobile devices

For trading via browser

Long-term review
Company does not offer investment advice and the analysis performed does not guarantee results

GBP / USD pair

Friday passed without noticeable changes in the technical perspective of the British pound. Even the Marlin oscillator signal line continues to move along slightly above the zero line on the four-hour chart.

Today, the GDP data release is scheduled to be released in the UK. The December forecast assumes a zero increase and 0.3% for the 4th quarter versus 0.6% in the 3rd quarter. The volume of industrial production for December is expected to increase by 0.1% after the previous compression of -0.4%. Forecast for the UK trade balance for December is expected at the level of November at -12.0 billion pounds. The balance of trade without taking into account the EU countries may show improvement from -3.9 billion pounds to -3.7 billion in the area of 1.2992. Better than forecasts data will be able to increase the correction to the resistance of the MACD indicator line in the 1.3044 area on the four-hour chart.

Hence, the correction can be considered as the main scenario. In the case of negative data, the price may go below the support of MACD at 1.2883 on the daily timeframe, which further lowers the price to the level of 1.2784, which was the minimum of September 5.

Exchange Rates 11.02.2019 analysis

Exchange Rates 11.02.2019 analysis

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Laurie Bailey,
Analytical expert
InstaForex Companies Group © 2007-2019
Top up trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
You are now leaving, a website operated by INSTANT TRADING EU LTD