Site map
العربية Български 中文 Čeština English Français Deutsch हिन्दी Bahasa Indonesia Italiano Bahasa Malay اردو Polski Português Română Русский Srpski Slovenský Español ไทย Nederlands Українська Vietnamese বাংলা Ўзбекча O'zbekcha Қазақша

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
Affiliate Program
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

toolbar icon

Trading Platform

For mobile devices

For trading via browser

Make a deposit
Money withdrawal
pay icon

The GBP/USD currency pair continues to oscillate in the side corridor 1.3440 / 1.3610, consistently working through the boundaries. For more than a week, we have been observing an uncertain trend after the pair moved closer to the 1.3440 / 1.3480 range, where it reached the support and slowed the downward movement. The range level keeps the "bears", but as you can see, "bullish" interest is not enough to deploy the oversold pair, which results in this flat movement. It is probable that the current mood will be maintained, where the quotation is possible to go again to the upper boundary area of 1.3610.

It can be seen that the current flat was wide (170 points), but the stagnation after such flat would likely show impulses, so traders need to accurately track the fixation outside the border, where it would probably be the major trend.

Key Levels

Resistance - 1.3610 *; 1.3700; 1.4000 ***; 1.4240 *.

Support for 1.3440 **; 1.3300 *; 1.3000 ***.

* Periodic level

** Range level

*** Psychological level

Exchange Rates 17.05.2018 analysis

* The presented market analysis is informative and does not constitute a guide to the transaction.

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

Performed by Gven Podolsky,
Analytical expert
Instant Trading EU Ltd © 2007-2018
Benefit from analysts’ recommendations right now
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.

Trading leveraged products such as forex and CFDs carries a high level of risk and may not be suitable for all investors. There is a possibility to lose all you initial capital. Before trading you should fully understand the true extent of your exposure to the risk of loss and your level of experience.