The British pound decided to once again return to the narrow target range of 1.2436/76. There was even a brief exit from it with the upper shadow of the daily candle. The signal line of the Marlin Oscillator has reached the border with the upward trend area, now it shows an early sign of a downward reversal from the border.
We are waiting for the price to return under 1.2436 and another attempt to reach the target support at 1.2250. Settling above 1.2476 will prolong the corrective growth to the level of 1.2637.
There is a price divergence with an oscillator on the four-hour chart.We can only wait for the price to settle under 1.2436 in order to get a high-quality reversal signal. Or the price will choose an alternative scenario and consolidate above the upper level of the range with further upward movement.
*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
