Stay 
Trading Conditions
Products
Tools
GBP/USD
Yesterday, the British currency surged by 98 pips, overcoming two target resistances at once. However, the pound rose on average trading volumes, which means that you may still consider strategic selling. It is possible to expect a correction to the Fibonacci level of 38.2%, which is close to the lows of February 6th and 14th.
At this price level, the Marlin oscillator may reach the boundary of the growth territory, and there's a good chance of a reversal of the downtrend. The peak of the correction would be 1.2596, coinciding with the Fibonacci level of 50.0% and the embedded line of the global descending channel.
On the 4-hour chart, the price has settled above the MACD indicator line, and the Marlin oscillator has become stable and continues to rise in the positive territory. We expect the price to reach the intermediate level of 1.2525.
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.
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.
