Stay 
Trading Conditions
Products
Tools
This week, the price may start moving downward from 1.2631 (the closing level of the last weekly candle), targeting 1.2540—the 23.6% retracement level (red dashed line). Upon testing this level, the price could reverse upwards toward 1.2689—the upper fractal (red dashed line).
Based on the weekly chart projection, GBP/USD is likely to follow a downward trend, with no initial upper shadow on the weekly black candle (Monday – down) and the presence of a lower shadow on Friday indicating a potential upward retracement.
The price may initially decline from 1.2631 toward 1.2592 (14.6% retracement level, red dashed line). If tested, the price could then initiate an upward movement toward 1.2765—the 50% retracement level (blue dashed line).
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.
