Site map
العربية Български 中文 Čeština English Français Deutsch हिन्दी Bahasa Indonesia Italiano Bahasa Malay اردو Polski Português Română Русский Srpski Slovenský Español ไทย Nederlands Українська Vietnamese বাংলা Ўзбекча O'zbekcha Қазақша

InstaForex Client Area

  • Personal settings
  • Access to all InstaForex services
  • Detailed statistics and reports on trades
  • Full range of financial transactions
  • System of managing several accounts
  • Maximum data protection

InstaForex Partner Area

  • Full information on clients and commissions
  • Graphic statistics on accounts and clicks
  • Webmaster instruments
  • Ready-made web solutions and wide range of banners
  • High data protection level
  • Company's news, RSS feeds, and forex informers
Register account
Affiliate Program
cabinet icon

Another Lamborghini from InstaForex!Maybe it will be you who will take the keys!

Just make a deposit of at least $1,000 to your account!

Get the best trading conditions and attractive bonus offers! We have already given 6 legendary sports cars! But it does not stop there! The next Lamborghini Huracan of the latest generation may be yours!

InstaForex – invest in your victories!

Instant account opening

Get a letter of instructions
toolbar icon

Trading Platform

For mobile devices

For trading via browser

InstaForex Bonuses

InstaForex Bonuses

To open long positions on GBP/USD you need:

The sharp rise in the pound is replaced by a fall. It has long been a familiar scenario for us. At present, a breakthrough of resistance at 1.2732 will be a signal to buy the pound with a close to yesterday's high of 1.2795, where I recommend taking profits. In case the GBP/USD declines in the first half of the day, it is best to rely on purchases only after the formation of a false breakdown around 1.2674 or a rebound from the new low of 1.2625. Any news from the UK Parliament can lead to a surge in the volatility of the pound, so do not forget about the placement of stop orders.

To open short positions on GBP/USD you need:

The bears managed to build a new descending channel, not letting the bulls update the Tuesday high yesterday. An unsuccessful consolidation above resistance of 1.2732 will be another signal to sell GBP/USD with the aim of breaking through and consolidating below support 1.2674, which will lead to a larger decline of the pound to the area of the low of 1.2625 and 1.2569, where I recommend to lock in profits. In case of growth above 1.2732 in the first half of the day, short positions can be returned to the rebound from the resistance of 1.2795.

Indicator signals:

Moving averages

The trade moved below the 30-day and 50-day moving averages, which indicates the further formation of the bear market.

Bollinger Bands

The break of the lower limit of the Bollinger Bands indicator in the area of 1.2700 will lead to selling the pound. The upward correction will be limited by the upper limit of the indicator in the area of 1.2765, from where you can sell immediately on the rebound.

Exchange Rates 06.12.2018 analysis

Indicator description

  • Moving Average (average sliding) 50 days - yellow
  • Moving Average (average sliding) 30 days - green
  • MACD: fast EMA 12, slow EMA 26, SMA 9
  • Bollinger Bands 20

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Ruben Watson,
Analytical expert
InstaForex Group © 2007-2019
Benefit from analysts’ recommendations right now
Top up trading account
Get a bonus from InstaForex

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.