Beginner Forex book

Beginner Forex book will guide you through the world of trading.

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

FBS Mobile Personal Area

FREE - In Google Play

View
GBP/USD may lose more

GBP/USD may lose more

Information is not investment advice

GBP/USD has been steadily declining during the last 4 days. The pound is affected by Brexit uncertainty. In particular, traders are worried that Prime Minister Theresa May may depart during the summer if the parliament rejects her Brexit deal yet again. In this case, the odds that Britain will leave the EU without a deal will be higher.  

The pair reached 61.8% Fibo of the 2019 advance at 1.2785. The next levels to watch on the downside are 1.27 (August/October lows) and 1.2625 (78.6% Fibo). The pattern on D1 resembles a top. MAs both on W1 and D1 are showing bearish signs, and GBP/USD isn’t oversold yet, so it seems like we have a trade idea.   

GBPUSD 1705.png

Similar

How to trade WTI oil

WTI oil has reached our previous targets. On the W1, a big bullish candlestick engulfed the previous bearish one.

Popular

How to trade WTI oil

WTI oil has reached our previous targets. On the W1, a big bullish candlestick engulfed the previous bearish one.

Choose your payment system

Learn more