For Traders

Analytical Reviews

Technical analysis

13.08.201808:41 Forex Analysis & Reviews: Forecast for GBP / USD pair as of August 13, 2018

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.

GBP / USD pair

On Friday, the British pound broke through the support of the trendy embedded line of a large price channel against the backdrop of the overall strengthening of the dollar. And now, the main purpose is to open prior to the next support in the area of 1.2275. But before that, it will be necessary to overcome the support range of 1.2548 - 12588, formed by a minimum of June 21, 2017 and a minimum of December 8, 2016. A local correction is possible from this range since the signal line of the Marlin oscillator has gone deep enough downward. The next stage of negotiations on Brexit will take place in September, and until this time the pound has no strong support.

Back to the list

Open 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.