The pound added 90 points yesterday. The 1.2637 target level has not been reached, but the potential has not been exhausted, as the Marlin Oscillator indicates a reversal only symbolically. The downward mood may heighten during the day, so we can only follow the development of the situation on lower charts. Leaving the 1.2436/76 range will complete the correction and the pound will continue to decline to the target levels of 1.2250 and 1.2073.
A price divergence with an oscillator is re-formed on the H4 chart. The oscillator’s departure under the zero line will strengthen the reversal-downtrend.
So, either from the current levels, or from the 1.2637 area, we are waiting for the price to move to the nearest target range of 1.2436/76.
*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
