empty
 
 
29.05.2019 06:09 AM
Forecast for GBP/USD on May 29, 2019

GBP/USD

On Tuesday, the pound fell by 26 points, but this was enough to go under the important technical level of 1.2660 (minimum August 15, 2018), which opens the way to the following target levels: 1.2530 (minimum December 14, 2018) and 1.2388 – support for the embedded price channel.

On the four-hour chart, the price drops below the balance line and the MACD line. The signal line of the Marlin oscillator moved to the zone of decrease – to the territory of negative values.

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