empty

InstaForex Loprais Team - Official participant of the Dakar rally

This section features the most important information about trading with InstaForex. We provide both analysis from leading experts for experienced traders and articles on trading conditions for beginners. Our services will help increase your profit potential.

Account Opening

See also

Trading Conditions

Forex Analytics

This section is designed for those who are just starting their trading journey. InstaForex educational and analytical materials will meet your training needs. Our experts' recommendations will make your first steps to trading success simple and clear.

Start as Beginner

Open Demo Account

Trading Platform

How to start trading

Video Tutorials

Contests by InstaForex

Useful information

InstaForex innovative services are an essential element of productive investment. We strive to provide our clients with advanced technical capabilities and make their trading routine comfortable as we are recognized as the best broker in this regard.

Become Investor

ForexCopy System

Passive investments

OYS account

Partnership with InstaForex is beneficial and top-tier. Join our affiliate programs and enjoy bonuses, partner rewards, and the possibility to travel with the team of the world-renowned brand.

Advantages for Affiliates

This section contains the most lucrative offers from InstaForex. Receive bonuses when topping up an account, compete with other traders, and get real prizes even when trading in a demo account.

All Promo Campaigns

Holidays with InstaForex are not only pleasant but also useful. We offer a one-stop portal, numerous forums, and corporate blogs, where traders can exchange experiences and become successfully integrated into the Forex community.

We are in social networks

InstaForex is an international brand created in 2007. The company provides services for online FX trading and is recognized as one of the world's leading brokers. We have won the trust of more than 7,000,000 retail traders, who have already appreciated our reliability and focus on innovations.

InstaForex Stars

InstaForex Offline

Social Responsibility

InstaForex Loprais Team - Official participant of the Dakar rally

2017.05.2605:50:00UTC+00Fxwirepro: Gbp/usd Breaks Major Support at 1.2915, Decline Till 1.27 Likely

GBP/USD slumps on Pound weakness as conservative’s lead fades ahead of June election.
Latest opinion poll showed PM May’s Conservatives dropping another one percentage point on the week to 43%-35% (Labor) ahead of the national election.
GBP/USD has broken key support at 1.2915 and we see the possibility of drag till 1.27 mark.
On the data front, the downward revision to second estimate of UK Q1 GDP suggested that economic growth decelerated sharply in the early stages of the year.
Technical indicators on daily charts are bearish. Cloud caps upside on weekly charts.
Next immediate support for the pair is seen at 1.2830 (trendline). Break below will see drag upto 1.2797 (23.6% Fib of 1.1986 to 1.3048 rise).
Violation at 23.6% Fib will then take the pair to 1.2642 (38.2% Fib).
Second estimate of US GDP in addition to the G7-summit, are going to be major market movers for today.

Support levels - 1.2830 (trendline), 1.2797 (23.6% Fib of 1.1986 to 1.3048 rise), 1.2642 (38.2% Fib)

Resistance levels - 1.29, 1.2933 (20-DMA), 1.2949 (5-DMA)

Recommendation: Good to go short on rallies around 1.2880/85, SL: 1.2940, TP: 1.2830/ 1.28/ 1.2755/ 1.27

FxWirePro Currency Strength Index: FxWirePro's Hourly GBP Spot Index was at -128.909 (Bearish), while Hourly USD Spot Index was at -50.6284 (Neutral) at 0940 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.

Back to news list