
The pandemic continues hurting economic activity in China, the war in Ukraine is hitting the entire European economy, and the Fed's efforts to control inflation threaten to trigger a recession.
2019-11-11 • Updated
Recommendations:
BUY 1.3 SL 1.2945 TP1 1.31 TP2 1.32 TP3 1.326
SELL 1.27 SL 1.2755 TP1 1.26 TP2 1.257 TP3 1.24
On the daily chart, GBP/USD is trying to consolidate after the April-August decline. The range of 1.27-1.30 is the most likely consolidation range. A break of its lower border will trigger AB=CD pattern with the target at 161.8%. On the other hand, a successful test of resistance at 1.3 will increase the odds of bullish trend resumption.
On H1, if GBP/USD breaks support at 1.26, it will trigger a “Shark” pattern with a target at 88.6%. The further pullback is possible within its transformation into 5-0, so it’s rather dangerous to sell.
The pandemic continues hurting economic activity in China, the war in Ukraine is hitting the entire European economy, and the Fed's efforts to control inflation threaten to trigger a recession.
Great Britain released retail sales data on May 20, 9:00 GMT+3. The reading outperformed expectations greatly (+1.4% actual vs. -0.3% forecast).
Japan's inflation is set to reach 2% in April's reading, for the first time since 2015. But what about the weaker Yen?!
What happened? US stocks ended sharply higher on Thursday, May 27, after a 7-week losing streak…
Next week, we expect the BOC rate statement, the OPEC+ meeting, and the Nonfarm payrolls release. Let's look at the opportunities in detail!
Amazon announced the company is going to make a 1 – 20 stock split on June 3 after the trading session close (23:30 GMT+3).
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.