empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

13.02.202015:27 Forex Analysis & Reviews: GBP/USD 02.13.2020 - Massive movement on the GBP to the upside and our major target at 1.3067 is very close. Buying opportuntiies still preferable

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.

Technical analysis:

Exchange Rates 13.02.2020 analysis

GBP did spike up to the level of 1.3050 and its heading towards our main upward target from yesterday at the price of 1.3067. My advice is still to watch for buying opportunities on the dips with the main targets at 1.3067 and 1.3162.

You can exit half of the position at the current level and wait even 1.3162.

MACD oscillator is showing big increase in the momentum to the upside, which adds good confirmation to our bullish view.

Resistance levels are set at the price of 1.3067 and 1.3162

Support level is set at the price of 1.2650.

Petar Jacimovic
Analytical expert of InstaForex
© 2007-2024

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.




You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off