Trading Conditions
Products
Tools
Technical analysis:
GBP/USD has been trading upside as I expected. The momentum is still strong to the upside and there is the chance for the higher prices towards upside reference.
Due to the mid-long term upside trend and the short-term upside momentum, I see potential for the further growth towards the upside reference.
Upisde objective is set at the price of 1.2670
MACD oscillator is showing bull reading, which is good sign for the upside continuation.
Key support is set at the price of 1.2310
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.