empty
 
 
20.02.2020 05:57 AM
Forecast for GBP/USD on February 20, 2020

GBP/USD

The pound fell by 75 points yesterday, the price noted a low of December 23 and is now ready for further movement towards the previously identified goals at 1.2845 (110.0% Fibonacci level), 1.2758 (123.6%). The price on the daily chart is below the lines of balance and MACD, the Marlin oscillator is falling in the zone of negative values.

This image is no longer relevant

On the four-hour chart, the price has consolidated under the MACD line, Marlin is also in a stable falling position. We look forward to the pound declining further.

This image is no longer relevant

But today there may be a slight delay in the planned decline. In the afternoon, data on retail sales in the UK for January are released, the forecast for them is 0.7% versus -0.6% in December, the balance of production orders for the current month may also slightly improve - the forecast is -19 versus -22 in January. Technically, it will be consolidation in the range of February 10th.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2024
Gagnez sur les variations du cours des cryptomonnaies avec InstaForex.
Téléchargez MetaTrader 4 et ouvrez votre première transaction.
  • 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 $1000 more!
    In April we raffle $1000 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