Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

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Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

Blog Post

Forecast for GBP / USD as of September 25, 2018

September 26, 2018 Analytics

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GBP / USD

On Monday, the British pound closed the day with a 45-point rise. The investors hurried to re-position contracts before tomorrow’s decision of the Fed on the rate. Also, the government rushed to refute the rumor about the resignation of Prime Minister May before England withdrew from the EU. The price increase was withheld by the resistance of the indicator lines on the four-hour chart.

Today, in the Asian session, the pound is once again declining. The goals remain the same: support for the trend line of the price channel is 1.2906, the Kruzenshtern line on daily is 1.2847, the subsequent price channel line is 1.2670.

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The material has been provided by InstaForex Company – www.instaforex.com

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