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

Long-term review

GBP/USD

The political situation in the UK surrounding Brexit quickly subsided. Yesterday, the Parliament even managed to vote against the vote of no confidence in the May government, which removed the risk of reassigning the entire Cabinet of the government and, as the most, new re-elections. Now Theresa May is working to agree on a draft agreement with the Parliament. The EU is ready to make concessions so far "in some matters". On the news, the pound has grown by 20 points.

And while the British authorities are thinking about the new rules of the game, investors can concentrate on economic indicators. The consumer price index in the UK last month decreased from 2.3% y/y to 2.1% y/y, core CPI grew 1.8% yoy to 1.9% yoy, retail prices fell from 3.2% y/y to 2.7% y/y on Friday retail sales for December expected decrease of -0.8%.

Technical support for the price yesterday was provided by the Krusenstern line of daily scale. Accordingly, in case of fixing the price below it, probably a further decline. A wider support is the range of Krusenstern lines of two scales – day and four-hour 1.2814/37. Leaving the price under it will allow the price to fall to the line of the price channel of the daily scale of 1.2669, coinciding with the low of January 15. A lower price may mean that the market is aiming for a lower support of the price channel in the area of 1.2455.

Exchange Rates 17.01.2019 analysis

Exchange Rates 17.01.2019 analysis

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

Performed by Laurie Bailey,
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.