Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.
![Exchange Rates 15.01.2019 analysis]()
Overview: The GBP/USD pair continues to move upwards from the level of 1.2728. Yesterday, the pair rose from the level of 1.2728 to the top around 1.2780. Today, the first resistance level is seen at 1.2814 followed by 1.2888, while daily support 1 is at 1.2728. According to the previous events, the GBP/USD pair is still moving between the levels of 1.2728 and 1.2888; so we expect a range of 160 pips. Furthermore, if the trend is able to break out through the first resistance level at 1.2814, we will see the pair climbing towards the double top (1.2888) to test it. Therefore, buy above the level of 1.2728 with the first target at 1.2814 in order to test the daily resistance 1 and further to 1.2888. Also, it should be noted that the level of 1.2888 is a good place to take profit because it will form a major resistance today. On the other hand, in case a reversal takes place and the GBP/USD pair breaks through the support level of 1.2728, a further decline to 1.2670 may occur which will indicate the bearish market.
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.
Stay 
