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FUND Sell 20.01.2020 13:02

GBP/USD: general analysis

After a long growth from last August to mid-December, the GBP/USD pair entered a stage of narrowing consolidation due to a change in trading sentiment and a fall in investor interest in the oversold GBP. At the beginning of the year, the price continues to decline amid negative British statistics on economic growth, industrial production, and major indices.

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TECH Sell 17.01.2020 08:22

GBP/USD: wave analysis

The probability of the pair reducing remains.

On the 4-hour chart, the development of the first wave of the higher level 1 of (3) has completed and a downward correction 2 of (3) is being formed. At the moment, a wave c of 2 is being developed, as part of which a local correction is being completed as the fourth wave of the lower level (iv) of c. If the assumption is right, the decline of the pair will continue to the levels of 1.2850–1.2735. The level of 1.3205 is critical and stop loss for this scenario.

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FUND Buy 16.01.2020 09:14

GBP/USD: the pound is corrected

GBP is showing slight growth against USD during today's Asian session, adding about 0.07%. The instrument has been developing correctional dynamics since Tuesday, updating local lows of December 26. The growth of the currency pair is largely facilitated by technical factors, while the macroeconomic background from the UK remains predominantly negative. Moreover, investors are concerned about the imminent Brexit and possible measures to support the British economy, which the Bank of England will have to resort to.

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FUND Sell 15.01.2020 10:25

GBP/USD: general review

The pair continues declining. The reason for the last significant drop in GBP was the downtrend in the main macroeconomic indicators. UK November GDP showed a decline of 0.3% compared with a 0.1% increase in the previous month. Industrial Production fell by 1.2% instead of the expected decline of 0.1%.

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FUND Sell 07.01.2020 12:16

GBP/USD: general review

On Monday, the pound strengthened against the dollar amid rising business activity indices in the UK in December.

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Indicators

MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Buy
MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Active Buy
MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Active Buy
MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Buy
MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Active Sell
MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Sell
MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Sell

Market sentiment

7.88% sell
92.12% buy