Our team has over 7,000,000 traders!
Every day we work together to improve trading. We get high results and move forward.
Recognition by millions of traders all over the world is the best appreciation of our work! You made your choice and we will do everything it takes to meet your expectations!
We are a great team together!
InstaSpot. Proud to work for you!
Actor, UFC 6 tournament champion and a true hero!
The man who made himself. The man that goes our way.
The secret behind Taktarov's success is constant movement towards the goal.
Reveal all the sides of your talent!
Discover, try, fail - but never stop!
InstaSpot. Your success story starts here!
Technical Market Outlook:
The GBP/USD pair has bounced from 50% Fibonacci retracement located at the level of 1.3838, but the move up is shallow and the level of 1.3918 hasn't been tested yet. The oversold market conditions might help bulls to move higher, but the potential wave up might be capped at the level of 1.3965 - 1.4007 again. However, the bulls have managed to bring the price back to the main channel again, so the chances for wave up are better. The key technical support for bulls is located at the level of 1.3807.
Weekly Pivot Points:
WR3 - 1.4166
WR2 - 1.4086
WR1 - 1.3971
Weekly Pivot - 1.3890
WS1 - 1.3768
WS2 - 1.3692
WS3 - 1.3573
Trading Recommendations:
The GBP/USD pair keeps developing the up trend and bulls are back inside the main ascending channel. The recent top was made at the level of 1.4224 and this was the higher high in over two years. All the local corrections should be used to open a buy orders as long as the level of 1.2674 is not broken. The long-term target for bulls is seen at the level of 1.4374.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
