The pound found the strength to overcome the resistance of the MACD indicator line (1.2277). The Marlin oscillator is slowly climbing. Now the main target level (1.2420) is just farther ahead. On the way, the price can reach the intermediate resistance level of 1.2342, the high of March 23.
The main scenario for growth will be canceled if the price falls below the MACD line (1.2277). That means if it climbs above the MACD line, which is what we’re seeing, then that’s a false breakout, and the pound can reach the support level at 1.2155.
On the four-hour chart, the price is above 1.2277, the Marlin oscillator is growing in the “green” zone, and we have an uptrend. For the bears, the situation is complicated by the fact that the MACD line is below 1.2277.
*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
