The British pound is running away with increased energy from critical supports, the transition to which from the technical side prescribes it to fall into the abyss (under parity with the dollar). Expectations of a rate hike by the Bank of England at a meeting on November 3 served as an incentive for the pound.
Yesterday the price overcame two levels of resistance and is now approaching the daily MACD line and the target level of 1.1500. Consolidation above it opens the target at 1.1760 (July low). The Marlin Oscillator is growing in the positive area.
The price settled above the level of 1.1305 on a four-hour scale. The price is above both indicator lines, the Marlin Oscillator is growing in the upward trend area. We are waiting for the price at the nearest target level of 1.1500.
*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
