On Friday, the British pound broke through the support of the MACD line on the daily timeframe and the level of 1.2745. The Marlin oscillator is gradually falling, as it waits for the price to consolidate below the breached levels, and then it will move into negative territory, pulling the price towards the important and strong support level at 1.2610. A breakthrough will mark the beginning of a long journey towards 1.2070.
On the 4-hour chart, the price has settled below the level of 1.2745, and the MACD line is starting to turn downward.
The Marlin oscillator is edging up, but it appears to be within a consolidation phase, after which it is most likely to fall. We are waiting for the Federal Reserve meeting.
*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
