The British pound is pressing more firmly against the 1.2994 resistance level, with the Marlin oscillator moving higher and pulling further away from its October 23 low. A firm hold above 1.2994 would open up a target at 1.3080—a goal the pound may reach before the presidential exit polls.
If the price falls below the lower boundary of the price channel at 1.2927, it may face another push down to 1.2859. However, this is an alternative scenario under current conditions.
On the four-hour chart, the price failed to consolidate above the balance indicator line yesterday, making it a target for today. A consolidation above this line would shift market sentiment toward buying, making the 1.3080 target accessible. The Marlin oscillator has already supported this move by consolidating in positive 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 28 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
