empty
 
 
sp
Soporte
Apertura instantánea de la cuenta
Plataforma comercial
Depositar/Retirar

16.05.202405:20 Forex Analysis & Reviews: Forecast for GBP/USD on May 16, 2024

GBP/USD

Yesterday, the pound took advantage of the bullish momentum in adjacent markets and it managed to overcome strong resistance from trend and indicator lines at 1.2596 and 1.2648.

Exchange Rates 16.05.2024 analysis

If the pound does not run out of steam in the shortest possible time, then there's an 80% probability that it may reach the nearest target of 1.2745, and a 40% probability that it hits the target of 1.2794 (the upper boundary of the price channel). A similar pattern was observed in August 2015, after which the pound steadily declined for two and a half months, and in May 2019, after which the pound fell for 3 months by 10 figures.

Exchange Rates 16.05.2024 analysis

On the 4-hour chart, the price is starting a corrective move after sharply rising on Wednesday. However, we are not expecting a significant bearish reversal at the moment. The support for the correction is provided by the daily MACD line at the level of 1.2650.

*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.

Laurie Bailey,
Analytical expert of InstaSpot
© 2007-2024
Benefíciese de las recomendaciones de los analistas ahora mismo
Recargue su cuenta de operaciones
Abra una cuenta de operaciones

¡Los informes analíticos de InstaSpot lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaSpot, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.