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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.



Expert In



Forecast for GBP/USD on September 11, 2020


The British pound lost195 points yesterday on fears of a UK exit from the EU without a deal. We reached our June 10 high target at 1.2812. After setting the price below yesterday's low, we expect it to fall to 1.2725, 1.2645. The targets are determined at the Fibonacci levels of 100.0% and 110.0%.


The price has converged with the Marlin oscillator on the four-hour timeframe. This is a prerequisite for correctional growth before the British pound falls to new targets. A correction is possible to the Fibonacci level of 76.4% at the price of 1.2912.


The material has been provided by InstaForex Company -