For Traders

Analytical Reviews

Technical analysis

18.04.201906:27 Forex Analysis & Reviews: Forecast for GBP / USD pair on April 18, 2019

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

The British pound fell by only 7 points yesterday, which was supported by a slight optimism for the euro in other neutral conditions. The price was fixed below the MACD line of the day and four-hour timeframes. On both charts, the price is also below the balance line. The Oscillator marlin on the daily and H4 indicates a decrease in the trend. The pound "sat down on the track" at the lower boundary of the price range at 1.3030-1.3135. The breakdown of the range opens the way to 1.2840 directed to the nested line of the older timeframe of the price channel. The reason for the expected breakthrough can serve as the basis of the data on the US retail sales for March, the forecast for which suggests an increase of 0.7% (base index) and 0.9% (total).

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.