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The GBP/USD currency pair moved downward on Tuesday, testing the 23.6% pullback level at 1.2639 (yellow dotted line), then moved upward, closing the daily candle at 1.2695. Today, the market may continue to move down. Economic calendar news is expected at 13:15, 15:30, 19:00, and 19:30 UTC (dollar).
Trend analysis (Fig. 1).
On Wednesday, the market may move downward from the level of 1.2695 (closing of yesterday's daily candle) to 1.2667, the 38.2% pullback level (blue dotted line). In the case of testing this level, an upward movement is possible with a target of 1.2690, the 50% pullback level (blue dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
General conclusion: Today, the price may move downward from the level of 1.2695 (closing of yesterday's daily candle) to 1.2667, the 38.2% pullback level (blue dotted line). In the case of testing this level, an upward movement is possible with a target of 1.2690, the 50% pullback level (blue dotted line).
Alternatively, the price may move downward from the level of 1.2695 (closing of yesterday's daily candle) to 1.2667, the 38.2% pullback level (blue dotted line). In the case of testing this level, a continued downward movement is possible with a target of 1.2639, the 23.6% pullback level (yellow dotted line). From this level, the price may move up.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
