empty
 
 
18.10.2018 03:59 AM
GBP/USD. 17 October. Results of the day. Inflation in the UK has slowed: the pound is declining

4-hour timeframe

This image is no longer relevant

The amplitude of the last 5 days (high-low): 79 p-66 p-111 p-98 p-95 p.

The average amplitude for the last 5 days: 90 p (94 p).

The British pound on Wednesday, October 17, overcame the critical line and continues its downward movement. The consumer price index, published today in the UK, was significantly worse than the forecast values (2.4% vs. 2.8% yoy). Thus, traders received grounds for selling the British currency in the afternoon. On a monthly basis, inflation slowed from 0.5% to 0.1%. In addition, the EU summit started today, which will be discussed once again the conditions of the UK's exit from the European Union. Donald Tusk has already stated that the talks can continue in November and December, since the main goal facing the parties is to reach a consensus. Tusk also noted that the transition period can be extended. However, not a word about the "stumbling blocks" (Northern Ireland border, trade between the EU and Britain after Brexit). No official information from the summit yet. However, it can appear at any time. We believe that the likelihood that the parties will come to a consensus at this summit is not great. EU representatives have already noted that it is necessary to prepare for a "hard" Brexit scenario. And smoke without fire, as you know, does not happen. Thus, we believe that the probability that London and Brussels will agree is not more than 30%. And the pound sterling may continue to fall in price both before the market receives official information (any), and after that, if it turns out that the negotiations have come to a standstill again. From a technical point of view, the trend for the instrument has already changed to a downward one, a "dead cross" may form in the near future.

Trading recommendations:

The GBP/USD currency pair continues to move down to the Senkou Span B line. In case this line has been overcome, the goal will be the support level of 1.3044. Thus, shorts are now relevant in small lots.

Buy-positions can be considered again only after the price is fixed back above the Kijun-Sen line. This will require optimistic information from the EU summit in the current circumstances. In this case, the target for the longs will be the level of 1.3224.

In addition to the technical picture, fundamental data and the timing of their release should also be taken into account.

Explanation of the illustration:

Ichimoku indicator:

Tenkan-sen - the red line.

Kijun-sen - the blue line.

Senkou Span A - light brown dotted line.

Senkou Span B - light purple dotted line.

Chikou Span - green line.

Bollinger Bands indicator:

3 yellow lines.

MACD Indicator:

Red line and histogram with white bars in the indicator window.

Jana pendapatan melalui perubahan kadar mata wang kripto dengan InstaForex.
Muat turun MetaTrader 4 dan buka dagangan pertama anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    SERTAI PERADUAN
  • Chancy Deposit
    Deposit akaun anda sebanyak $3,000 dan dapatkan $8000 lebih lagi!
    Dalam Mac kami membuat cabutan bertuah $8000 dalam Kempen Chancy Deposit!
    Dapatkan peluang untuk menang dengan membuat deposit $ 3000 ke dalam akaun dagangan. Setelah memenuhi syarat ini, anda menjadi peserta kempen.
    SERTAI PERADUAN
  • Trade Wise, Win Device
    Daftar untuk peraduan dan tambah dana akaun anda dengan sekurang-kurangnya AS$ 500 untuk layak memenangi peranti mudah alih.
    SERTAI PERADUAN
  • Bonus 100%
    Peluang istimewa anda untuk menerima bonus 100% pada deposit anda
    DAPATKAN BONUS
  • Bonus 55%
    Dapatkan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • Bonus 30%
    Dapatkan bonus 30% setiap kali anda membuat penambahan dana akaun anda
    DAPATKAN BONUS

Artikel yang dicadangkan

Tidak boleh bertanya sekarang?
Tanya soalan anda di Ruangan bersembang.
Panggilan semula Widget