Yesterday, the pound left the upper daily shadow above the target level of 1.3606 for the third consecutive time. It ended the day below it, and this morning it fell towards the target level of 1.3513 (high on November 18). But visually, the priority goes to the level of 1.3486 – this is the low of February 15, which coincides with the MACD indicator line on a daily scale. The Marlin Oscillator continues to form a bearish reversal pattern (marked with arrows).

On a four-hour scale, the price went under the MACD line, and the Marlin Oscillator penetrated into the territory of a downward trend. We are waiting for the development of a downward movement.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

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Sz. Daniela
Sz. Daniela

Professional Trader, Forex and CFD, Currency Trading. Ace Level 5 declared April 2013. Trading Consultants Inc. a USA Corporation domiciled in Wyoming since April 2012.