Yesterday, the pound fell slightly, without changing the overall technical picture of the last three weeks – a gentle downward movement of the price with a sideways movement of the Marlin Oscillator, almost along the zero line.
By this morning, the price has lingered a bit at the March low, there is a risk of a reversal from this level to corrective growth (to 1.3119), but there is also a 60% chance that the technical picture will continue – the price will slowly move towards the target level of 1.2900 – to the December 2019 low.
The Marlin Oscillator is moving chaotically on the four-hour chart. The price itself is falling below the balance indicator line according to the standard form. The price has the potential to continue the downward movement. We are waiting for the 1.2900 target level to be worked out.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
If you have an interest in any area of Forex Trading, this is where you want to be.
Global Fx Trading Group is a world leader in providing Fx services, o individual traders, including: Unmatched funding programs, on-line education, virtual trading rooms, automation tools, robot building, and personal coaching.
The company was first established by Jeff Wecker, former member of the Chicago Board of Trade, with 25 years in the industry. Jeff has a keen understanding of the needs of Forex traders and those needs are our focus.
Please join our VIP Group while is still FREE …
https://t.me/joinchat/JqsXFBKpyj3YS4bLWzT_rg
Our mission is simple: To enhance as many lives as we can through education and empowerment.
#theforexarmy #forexsigns #forexsignals #forexfamily #forexgroup #forexhelp #forexcourse #forextrade #forexdaily #forexmoney #forexentourage #forextrading #forex #forexhelptrading #forexscalping #babypips #forexfactory #forexlife #forextrader #financialfreedom
