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

To open long positions on GBP/USD, you need:

In the morning review, I paid attention to the speculative reasons for the growth of the British pound against the US dollar yesterday afternoon, and also focused on the support of 1.2475, to which the pair have now returned. The formation of a false breakdown in this range already at the American session will be a signal for purchases to return to the maximum area of 1.2555, a breakthrough of which will provide a new influx of buyers and allow waiting for the test of the 26th figure. However, more rational purchases are best made after a downward correction from the weekly low at 1.2397.

To open short positions on GBP/USD, you need:

The bears quickly took advantage of the situation of an unsuccessful exit to the resistance of 1.2555 and resumed the downward correction in the pair, which is now limited to the support of 1.2475. The task for the second half of the day will be the breakdown of this level, which will provide GBP/USD with a bearish impulse to the area of 1.2397, where I recommend fixing the profits. If sellers do not cope with the support of 1.2475, and the bears show activity at this level, it is best to consider new short positions for a rebound from the resistance of 1.2555.


Moving Averages

Trading around 30 and 50 moving averages, indicating a market downward correction.

Bollinger Bands

If the pair grows in the second half of the day, the upper limit of the indicator around 1.2580 will act as a resistance level.

Exchange Rates 20.09.2019 analysis

Description of indicators

  • MA (moving average) 50 days – yellow
  • MA (moving average) 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.