CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
empty
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Stay
Proceed
Open Account
InstaForex - Official partner of Dragon Racing
InstaForex - Official partner of Dragon Racing
For Traders
Analytical Reviews
Technical analysis

28.11.201812:22 Forex Analysis & Reviews: GBP/USD analysis for November 28, 2018

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.

Exchange Rates 28.11.2018 analysis

Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.2770. According to the M30 time – frame, I found that GBP/USD is in an upward correction phase and that buying at this stage looks risky. I also found that price is still trading below the downward trendline, which suggests downward trend. My advice is to follow the direction of the trend. Watch for selling opportunities. The downward targets are set at the price of 1.2700 and at the price of 1.2660.

Petar Jacimovic
Analytical expert of InstaForex
© 2007-2025
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.




All Analytics
Fundamental analysis
XAU/USD. Analysis and Forecast Gold is showing positive momentum as it attempts to hold above the $3300 level, indicating growing investor interest in this traditional safe-haven asset. The uncertainty surrounding U.S.-China trade relations—highlighted
Irina Yanina
11:33 2025-04-24 +02:00
1345
Fundamental analysis
Trump Is Playing a Game Where Everyone Loses According to a senior official at the European Central Bank, President Donald Trump has drawn the entire world into a game where everyone ends up losing — referring
Jakub Novak
11:21 2025-04-24 +02:00
1495
Breaking Forecast Trading Plan Cryptocurrencies USD/RUB Russian Economy Video Analysis
Trading Instruments
EURUSD GBPUSD USDCHF USDCAD USDJPY AUDUSD EURGBP EURJPY NZDUSD EURNZD Silver Gold #CL #USDX COVID-19 Bitcoin

Official partners of InstaForex

The future is coming - InstaForex and Dragon Racing
The team of Formula - E
Be always the first with InstaForex Loprais Team
Official participant of the Dakar rally
Team up with us -
win with InstaForex and Zvolen!
IIHF Continental Cup winner in 2005

Trading Instruments

The best instruments for successful online Forex trading
MetaTrader Trading Platform
Charts on-line
Forex Analysis
Forex Demo Account
Trader calculator
Forex Indicators

Top analytics

Relevance up to 00:00 2025-04-25 UTC--4
Intraday Strategies for Beginner Traders on April 24
07:13 2025-04-24
Forecast
Relevance up to 20:00 2025-04-24 UTC--4
EUR/USD Overview – April 24: Is it really about Powell?
03:16 2025-04-24
Fundamental analysis
Relevance up to 05:00 2025-04-25 UTC--4
XAU/USD. Analysis and Forecast
11:33 2025-04-24
Fundamental analysis
Relevance up to 20:00 2025-04-24 UTC--4
Trading Recommendations and Analysis for EUR/USD on April 24: Chaos in the Market Persists
03:16 2025-04-24
Trading plan
Relevance up to 02:00 2025-04-26 UTC--4
The Markets Have Likely Already Passed the Bottom of Their Decline (there is a chance of continued decline in EUR/USD and GBP/USD)
09:38 2025-04-24
Fundamental analysis
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Proceed
Can't speak right now?
Ask your question in the chat.
Widget callback
Callback widget

Turn "Do Not Track" off

🍪 We use cookies

We may place cookies for analysis of our visitor data, to improve our website and measure advertising performance. Overall this data is used to provide a better website experience. More information

 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of Instant Trading EU Ltd including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.