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!
GBP/USD
After the pound made a small effort to move lower, it stopped due to the target support at 1.2465. At the same time, the Marlin oscillator signal line stopped the decline at the boundary of the downtrend territory. Now, this line is moving right along the boundary, which is a good sign for the bearish scenario, since Marlin did not move upwards after reaching this mark.
The pound will face the outcome of the Bank of England meeting in such a neutral position. We believe that the pound will fall, since it has no logical grounds to rise.
If the situation develops according to the alternative scenario, the pound could rise and reach the target level of 1.2596, near which the embedded price channel line is located.
On the 4-hour chart, as before, the price is progressing under both indicator lines, and Marlin is in a sideways position as traders await the BoE meeting. The target levels are marked on the chart: 1.2424, 1.2355, 1.2307.
*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.
