The pound gained 64 pips on Friday after the release of US employment data. The reversal occurred from the support of the MACD line on a daily time frame.
The upper shadow just fell short of the target level of 1.2847. In the next 1-2 days, it has all the possibilities to work towards this target, as the indicator lines are already below, and the Marlin oscillator is approaching the zero line again.
On the 4-hour chart, the signal line of the Marlin oscillator is consolidating before the boundary of bullish territory. Preparation is underway to work towards the target of 1.2847, which the MACD line approaches. The upward correction may end at this level.
*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
