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!
The British pound is trading around 1.2483 reaching the top of the downtrend channel on the H1 chart forming since April 10. If the British pound breaks and consolidates above the psychological level of 1.25, we could expect it to return towards the 2/8 Murray where the 200 EMA is located, both at 1.2573. This area is seen as strong resistance.
If the British pound fails to break the downtrend channel, we could expect a technical correction around 0/8 Murray located at 1.2412. If a technical bounce occurs, this will be seen as an opportunity to buy.
Technically, the eagle indicator has been showing oversold signs since April 12. Therefore, we believe that while GBP/USD is trading above 1.2451, any technical bounce will be seen as an opportunity to buy with targets at 1.2571 and 1.2634.
*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.
