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
On Friday, the pound sterling fell by 30 pips. This morning, the price started a minor correction. A drop below Friday's low (1.2900) will strengthen the move toward the target support at 1.2847.
By then, the Marlin oscillator will likely reach the zero line, making 1.2847 a key level in determining the price's future direction—either a return above 1.2989 or a breakthrough to 1.2633.
On the 4-hour chart, the price has consolidated below the balance and MACD indicator lines, with the Marlin oscillator having moved onto a downward trajectory noticeably earlier and it even managed to correct slightly higher. Now, a brief consolidation in the July 11-12 range (gray rectangle) is possible, after which the decline toward the nearest target of 1.2847 will resume.
*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.
