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
Amidst a general increase in risk appetite and a weak US dollar, the British pound gained 73 pips, surpassing the resistance of the nearest embedded price channel line. On the daily chart, the Marlin oscillator has entered the uptrend territory.
The price currently has the potential to rise toward a strong level around 1.2444, where linear resistances converge with the MACD indicator line. Levels 1.2307 and 1.2367 serve as intermediate ones.
On the 4-hour chart, the price has stayed above the MACD line, and the Marlin oscillator is approaching the border of the bullish territory. However, until it overcomes this mark, the price may start a sideways trend in the short-term, appearing as a form of consolidation before the pair grows further. The price channel line at 1.2170 (daily) acts as support for this consolidation. If the price settles below this level, it may create problems for the bulls, and there is a possibility of the price falling even further to 1.2070.
*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.