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

11.04.201907:45 Forex Analysis & Reviews: Technical analysis of GBP/USD for 11/04/2019

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.

Technical market overview:

The GBP/USD market continues trading in the middle of the range between the levels of 1.2996 - 1.3183, but the bulls are not that keen to break through the orange trend line anymore: after the yesterday's touch of the trendline, the price was neglected and the market reversed back towards the range. The momentum remains neutral as neither bulls nor bears have control over the market and both sides. The breakout of the range might be severe and will likely happen on Friday after the decision regarding the Brexit will be published.

Weekly Pivot Points:

WR3 - 1.3339

WR2 - 1.3263

WR1 - 1.3130

Weekly Pivot - 1.3056

WS1 - 1.2826

WS2 - 1.2851

WS3 - 1.2712

Trading recommendations:

The global investors wait for the breakout in either direction and because the range is now very tight, the breakout might be severe. Please notice, the larget time frame trend remains bullish.

Exchange Rates 11.04.2019 analysis

Sebastian Seliga
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