empty
 
 
17.08.2021 05:48 AM
Forecast for GBP/USD on August 17, 2021

GBP/USD

Yesterday, amid the general weakness of counterdollar currencies, the pound did not fight the resistance of the daily MACD line and fell by 24 points.

This image is no longer relevant

It continues to fall today, but in order to completely form the condition for the continuous decline, it is necessary to overcome the signal level of 1.3786, which will open the way to the target range of 1.3646/70. Exit above yesterday's high, above the MACD line (1.3877) will give the pound new strength to rise to the target level of 1.4069.

This image is no longer relevant

On the four-hour scale chart, the price is decreasing along with the balance indicator line, the Marlin oscillator is being introduced into the zone of negative values. But it (Marlin) can turn upwards from the zero line. An uncertain situation for the pound will remain in the range of 1.3786-1.3877.

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 $9000 more!
    In May we raffle $9000 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