For Traders

Analytical Reviews

Technical analysis

22.07.201905:58 Forex Analysis & Reviews: Forecast for GBP / USD pair on July 22, 2019

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 outstanding growth of the British pound on Thursday was halted by the daily balance line. On Friday, the price touched her timidly and rolled back down once again. The Marlin oscillator signal line turned down from the border with the territory of growth. All indicators for the daily trend remains declining. In order to overcome the signal level of 1.2578, the probability of the resumption of growth is 9-12%, which opens the way from the first target of 1.2648 (the line of the price channel and the MACD line).

On the four-hour chart, the price remains above the balance line and the MACD line, as well as the m arlin oscillator in the growth zone. Overcoming the support of the MACD line at 1.2458 creates a full-fledged signal to further reduce the price to the nearest target 1.2290, which is the nested line of the day TF price channel. At the same time, Marlin can move to the zone of negative numbers.

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.