empty
 
 
Back Technical analysis
analytics675aa2dc6f248.jpg
Back Technical analysis
GBP/USD: December 12th. The Pound Remains in a Sideways Channel
On the hourly chart, the GBP/USD
The premium article will be available in
00:00:00
The premium article will be available in00:00:00
On the hourly chart, the GBP/USD pair on Wednesday rebounded again from the support zone of 1.2709–1.2734, climbing almost to the resistance zone of 1.2788–1.2801. This morning, the pair seemed to have rebounded from this resistance zone, making a new decline toward 1.2709–1.2734 likely. The pound remains trapped in a sideways channel, and that says it all.The wave situation is straightforward. The new upward wave broke the previous wave's peak, while the last completed downward wave did not break the
Fresh articles are available only to premium users
Read analytics in early access, getting information first
Get
Samir Klishi,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback