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
Trend line

23.08.202319:08 Forex Analysis & Reviews: GBP/USD trapped between 1.2792 and 1.2625 levels

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 23.08.2023 analysis

GBP/USD Downside Reversal Still Possible!

The GBP/USD pair is located at 1.2716 at the time of writing. As you can see on the H1 chart, the price is moving sideways between 1.2792 (upside obstacle) and 1.2625 (downside obstacle). You knew from my previous analysis that dropping below the uptrend line announced a potential downside reversal.

The downtrend line represents an upside obstacle. As long as it stays below it, the rate could drop again at least until the 1.2625 former low. Jumping above the downtrend line and above 1.2792 former high invalidates a larger drop and indicates further growth.

GBP/USD Trading Conclusion!

Staying below the downtrend line and dropping below 1.2625 activates a larger drop and is seen as a selling opportunity.

Ralph Shedler
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
Wave analysis
EUR/USD Analysis – April 10th The wave pattern on the 4-hour chart for the EUR/USD pair has shifted to a bullish structure. I believe there is no doubt that this transformation occurred solely
Chin Zhao
20:24 2025-04-10 +02:00
1105
Wave analysis
GBP/USD Analysis – April 10th The wave structure for the GBP/USD pair has also shifted to a bullish, impulsive formation — "thanks" to Donald Trump. The wave pattern is almost identical to that
Chin Zhao
20:21 2025-04-10 +02:00
1075
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 01:00 2025-04-11 UTC--4
EUR/USD: Simple Trading Tips for Beginner Traders on April 10. Review of Yesterday's Forex Trades
08:05 2025-04-10
Forecast
Relevance up to 04:00 2025-04-11 UTC--4
EUR/USD. April 10. Trump Continues to Shake the Markets
12:19 2025-04-10
Technical analysis
Relevance up to 01:00 2025-04-11 UTC--4
USD/JPY: Simple Trading Tips for Beginner Traders on April 10. Review of Yesterday's Forex Trades
08:05 2025-04-10
Forecast
Relevance up to 20:00 2025-04-10 UTC--4
Trading Recommendations and Analysis for EUR/USD on April 10: 500% Tariffs for China!
03:21 2025-04-10
Trading plan
Relevance up to 23:00 2025-04-10 UTC--4
EUR/USD Forecast for April 10, 2025
05:08 2025-04-10
Technical 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.