The pound rose by 25 points on Tuesday, in today’s Asian session it blocked this growth. If the price manages to consolidate under 1.2250, then it will go to the target level of 1.2073 with fresh forces. The Marlin Oscillator is turning down without leaving the downward trend zone. The probability of a decrease of 55-60%.
As long as there is no consolidation under 1.2250, the price may move up to the MACD line of the daily scale and to the target range of 1.2436/76.
The price is currently struggling with the support level of 1.2250 on the four-hour chart. But this is only the first obstacle to the development of a downward wave, below it is the MACD line, at around 1.2200. With overcoming this level, the path to 1.2073 will be completely open. By the same time, the Marlin Oscillator will also move into negative territory.
*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
