empty
 
 
18.04.2019 06:27 AM
Forecast for GBP / USD pair on April 18, 2019

GBP / USD pair

The British pound fell by only 7 points yesterday, which was supported by a slight optimism for the euro in other neutral conditions. The price was fixed below the MACD line of the day and four-hour timeframes. On both charts, the price is also below the balance line. The Oscillator marlin on the daily and H4 indicates a decrease in the trend. The pound "sat down on the track" at the lower boundary of the price range at 1.3030-1.3135. The breakdown of the range opens the way to 1.2840 directed to the nested line of the older timeframe of the price channel. The reason for the expected breakthrough can serve as the basis of the data on the US retail sales for March, the forecast for which suggests an increase of 0.7% (base index) and 0.9% (total).

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 $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