On the daily chart, the British pound has climbed above the balance indicator line with a rising Marlin oscillator. The price likely aims to reach the target of 1.2596, which coincides with the embedded descending line of the price channel.
The price has consolidated above the 1.2525 level and may continue to rise for some time. The second target is defined by the MACD line at 1.2637. On the 4-hour chart, the price has consolidated above both indicator lines, and the Marlin oscillator is rising in the positive territory.
Although the upward movement is turning into the main scenario, it probably won’t come into fruition. If the price falls back below the 1.2525 mark and consolidates, the bearish scenario will become the primary one.
*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
