Home » Quick Forex » GBP/USD analysis for January 16, 2019 888011000 110888 Recently, the GBP/USD pair has actually been very volatile in the last 24 hours due to the Brexit news. I discovered that sellers and purchasers agreed to operate in a range within 1.2895( resistance )and 1.2835 (assistance ), which is a sign that market is in the balance regime. My advice is to expect a possible breakout of resistance to confirm more upward continuation. I also found really strong need in the background and aggressive purchasers. Trading suggestions for today: We will purchase GBP/USD at 1.2910 with the targets at 1.2960 and 1.3040. The material has been supplied by InstaForex Business-www.instaforex.com
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Technical analysis of USD/CHF for February 19, 2019 888011000 110888 Summary: The USD/CHF pair continues to move up-wards from the level of 1.0003. Today, the first assistance level is currently seen at 1.0003, the cost is moving in a bullish channel now. Furthermore, the cost has been set above the strong assistance at the level of 0.9982, which accompanies the 50 %Fibonacci retracement level. This support has actually been declined 3 times confirming the accuracy of an uptrend. According to the previous events, we anticipate the USD/CHF pair to trade in between 1.0003 and 1.0067. So, the assistance stands at 1.0003, while everyday resistance is discovered at 1.0067. For that reason, the marketplace is most likely to show indications of a bullish trend around the spot of 1.0003. In other words, purchase orders are advised above the area of 1.0003 with the very first target at the level of 1.0067; and continue towards 1.0103 and 1.0140. If the USD/CHF set stops working to break through the resistance level of 1.0030 today, the market will decrease even more to 0.9908. The product has been provided by InstaForex Business-www.instaforex.com