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The GBP/USD currency pair moved downward on Friday, almost testing the historical support level of 1.2611 (blue dotted line), and then the price went up a little, closing the daily candle at 1.2629. Today, an upward movement is possible. Economic calendar news is expected at 14:45 and 15:00 UTC (dollar).
Trend analysis (Fig. 1).
On Monday, the price may move upward from the level of 1.2629 (closing of Friday's daily candle) to the lower fractal at 1.2672 (blue dotted line). From this level, a downward movement is possible with a target of 1.2640, the 23.6% pullback level (blue dotted line), where the price may resume upward movement to 1.2667, the 38.2% pullback level (blue dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
General conclusion: Today, the price may move upward from the level of 1.2629 (closing of Friday's daily candle) to the lower fractal at 1.2672 (blue dotted line). From this level, a downward movement is possible with a target of 1.2640, the 23.6% pullback level (blue dotted line), where the price may resume upward movement to 1.2667, the 38.2% pullback level (blue dotted line).
Alternatively, the price may move downward from the level of 1.2629 (closing of Friday's daily candle) to 1.2588, the 50% pullback level (red dotted line). From this level, an upward movement is possible with a target of 1.2640, the 23.6% pullback level (blue dotted line).
*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।
