empty
 
 
Back Trading plan
analytics6ad6d83fa6145.jpg
Back Trading plan
Interpretation of the GBP/USD Analysis on October 20. The Pound Is Ready for a New Rally
GBP/USD 5M analysis
The premium article will be available in
00:00:00
The premium article will be available in00:00:00
GBP/USD 5M analysis The GBP/USD pair continued to correct on Monday after last week's sharp surge, which effectively marked the end of the month-long downtrend. As we have repeatedly noted, technicals are the primary driver for sterling at the moment. Price bounced off the lower edges of three overlapping sideways channels on the hourly, daily and weekly timeframes. From a purely technical standpoint, it is therefore reasonable to expect moves toward the upper boundaries of those channels.
Fresh articles are available only to premium users
Read analytics in early access, getting information first
Get
Paolo Greco,
Analytical expert of InstaForex
© 2007-2026
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 $1000 more!
    In October we raffle $1000 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
  • 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