Trading Conditions
Products
Tools
GBP/USD
Yesterday, the pound sterling rose to the resistance area of the embedded descending price channel and the daily balance indicator line.
In today's Pacific session, the price thought about its ability to rise while being below the balance line and with the Marlin oscillator in negative territory. In such a situation, along with a tendency to fall, the black body of the candle will indicate the advantage of the downward trend.
On the 4-hour chart, the price shows an intention to rise while being above both indicator lines and with the Marlin oscillator showing progress in the uptrend territory. However, this trend is weak, and overall, the pound continues to move within a wide range, with recent breakouts in both directions proving to be false movements. We are waiting for the European Central Bank meeting on Thursday.
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.
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
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?
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.