Last Friday, the British pound decided to overcome the target range of 1.2853-1.2900 in one move. The pound completed the task, now the nearest target at 1.2730 is just ahead. Next, it is possible to open the 1.2646 target – the resistance of March 2020. The signal line of the Marlin Oscillator has come out of a long downward consolidation, now it is on its way to oversold.
The Marlin Oscillator is already oversold on the H4 chart. Moving deeper into this area may continue, but it will still be more convenient for the market to let the oscillator discharge a bit today in order to continue the attack towards lower targets from tomorrow, so today may look like a consolidation – a sideways price movement and an increase in the Marlin Oscillator.
*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
