empty
 
 
11.09.2020 05:22 AM
Forecast for GBP/USD on September 11, 2020

GBP/USD

The British pound lost195 points yesterday on fears of a UK exit from the EU without a deal. We reached our June 10 high target at 1.2812. After setting the price below yesterday's low, we expect it to fall to 1.2725, 1.2645. The targets are determined at the Fibonacci levels of 100.0% and 110.0%.

This image is no longer relevant

The price has converged with the Marlin oscillator on the four-hour timeframe. This is a prerequisite for correctional growth before the British pound falls to new targets. A correction is possible to the Fibonacci level of 76.4% at the price of 1.2912.

This image is no longer relevant

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback