Yesterday, the Bank of England expectedly raised the rate by a quarter of a point from 0.50% to 0.75%. Despite the favorable circumstances for the pound’s growth – the dollar index fell by 0.37% yesterday, the pound still did not grow, it traded in a wide range of 123 points.
But at the same time, it can be noted that the upper shadow of the daily candle exactly fulfilled the target level of 1.3200, which can indirectly confirm the effectiveness of the levels 1.3265 and 1.3323 located above. The Marlin Oscillator is growing, but it is still in the negative area, which probably explains the not very confident price growth.
On the four-hour chart, the current price situation in the range of target levels can be depicted with a small triangle. This is a sign of further price movement in an upward direction. The Marlin Oscillator also consolidated in the form of a small triangle. We are waiting for the quote at the target level of 1.3265.
*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
