11.01.201908:21 Forex Analysis & Reviews: Forecast for GBP/USD on January 11, 2019

Long-term review

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

On Thursday, the British pound made an unspoken attempt to decrease, leaving it at a meeting with the support of the balance line on the daily chart and on the balance line and the Krusenstern on the four-hour. Thus, the desire of the British pound to try again to go to the Krusenstern line in the area of 1.2833 on the daily chart remains. The signal line of the Marlin oscillator is currently in the negative zone, and there is even a divergence with the price, but the overall rising trend prevails. The first sign of a possible break down will be the consolidation of the price below the low of yesterday, the second, already the main sign, will be the departure of the price under support on the daily chart 1.2686.

Yesterday, British Prime Minister Theresa May held talks and will continue today with trade unions – labor colleagues and their leader Jeremy Corbyn. Now all the attention is on Tuesday - the date of the parliamentary vote on an agreement with the EU on Brexit.

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.