For Traders

Analytical Reviews

Technical analysis

27.02.202006:05 Forex Analysis & Reviews: Forecast for GBP/USD on February 27, 2020

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

The British pound lost a little over a hundred points on Wednesday, taking the technical conditions for a further decline. The Marlin oscillator on the daily chart is back in the declining trend zone. The immediate target of 1.2842 at the Fibonacci level of 110.0% is open. Below it is the second target at the level of 123.6% at the price of 1.2758.

On a four-hour chart, the price consolidated under the MACD line (blue moving line), Marlin in the zone of negative values. The price continues to fall.

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.