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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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GBP/USD analysis for November 12, 2018

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Recently, the GBP/USD pair has been trading downwards. As I expected, the price tested the level of 1.2840. According to the H1 time – frame, I have found that strong downward momentum, which is a sign that sellers are in control. I also found a bearish reading on the MACD oscillator, which is another sign of weakness. My advice is to watch for selling opportunities. The downward target is set at the price of 1.2700.

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