Main Quotes Calendar Forum
flag

FX.co ★ Forecast for GBP/USD on May 1, 2019

parent
Forex Analysis:::2019-05-01T04:27:38

Forecast for GBP/USD on May 1, 2019

GBP/USD

Yesterday, the British pound tried to use the temporary weakness of the dollar as much as possible – the pound rose by 100 points, the price on the daily scale at the peak of the day slightly fell short of the resistance of the Fibonacci level of 38.2% and the MACD line, which can happen today with the expected turn down. But this main scenario has a weak point, namely the exit of the Marlin line on the daily chart to the growth zone. This is a sign of a possible longer correction, for example, to the level of Fibonacci 50.0% at the price of 1.3125. In the perspective of several days, we are waiting for a decrease in the pound in the range of 1.2772-1.2814.

Forecast for GBP/USD on May 1, 2019

Forecast for GBP/USD on May 1, 2019

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...