Last Friday, the British pound rose by 88 pips, but on low volumes—the lowest in the past month and a half. Given this sentiment, investors might reconsider pushing the price up to the upper boundary of the price channel (1.3160 or higher).
The price may only reach the level of 1.3080 and then reverse from it, showing a divergence with the Marlin oscillator. If the price can consolidate above 1.3080, the upward movement will continue.
The 4-hour chart already shows signs of divergence. However, these signs are not yet confirmed; the oscillator’s decline might only be a pressure release before further growth. In the main scenario, we are waiting for the price to reach the level of 1.3080, where the main events will take place.
*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
