On Friday, the British pound showed significant growth, consolidating above the level of 1.2524. Since the nearest target of 1.2645 is quite close, it becomes intermediate, and the pair may aim for 1.2745 directly.
The signal line of the Marlin oscillator has complicated and extended the formation of a wedge. Therefore, we expect a test of its lower band before a break above. Today’s session is likely to result in a small black candle. We expect the pair to firmly rise on Tuesday.
On the 4-hour chart, the Marlin oscillator has established an uptrend, with the price rising above both indicator lines. The Thursday high of 1.2572 acts as support.
*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
