empty
 
 
18.02.2019 09:08 AM
Forecast for GBP/USD on February 18, 2019

GBP/USD

On Friday, the price level of 1.2784 - a low from September 5, turned out to be a powerful support for the pound. The price moved up from it, cutting off the bodies of the candles of the previous two sessions and closing above the Krusenstern line on the daily chart. Now the target is the resistance of the price channel line at 1.2973. Overcoming the resistance will allow the price to increase to 1.3048 - the low of June 28 last year - the pound is currently working well at record levels. This level also coincides with the Fibonacci correction level of 61.8% from the descending branch of January 28 - February 14.

This image is no longer relevant
This image is no longer relevant

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 $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