15.02.201908:40 Forex Analysis & Reviews: Forecast for GBP/USD on February 15, 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

British lawmakers have once again dealt a blow to the Brexit draft deal — yesterday they rejected the move of "Day X" (March 29) for three months, depriving Theresa May of freedom of action in negotiations with the European Union. The pound sterling lost 40 points. The price reached a low of 1.2784 last September, consolidating below this level opens the way to support the trend line of the price channel in the area of 1.2612.

The situation is down for all indicators for daily and H4 - – the price is below the indicators, Marlin signal lines are in the red zone without reversal formations. But today is Friday, and in difficult situations, investors often leave the market before the weekend. This circumstance may provoke a slight increase or consolidation of the pound on the support of 1.2784.

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.