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GBP/USD
After the pound fell below the target support at 1.2427 on Tuesday, this morning it is trying to consolidate below it. Such consolidation is particularly important at the moment, as the Marlin oscillator is trying to leave the upper half of its own descending channel, which could push the price to consolidate above the level of 1.2427. This would provide an opportunity for the price to correct higher so it can reach the 1.2530 area, where February support levels are located.
Consolidation below 1.2427 will make it possible for the price to fall towards 1.2370. Next, the target range of 1.2287-1.2307 will come into play. On the 4-hour chart, the MACD indicator line (1.2510) acts as resistance for the bulls, noticeably below the resistance area of 1.2530. Perhaps the correction will not be as high.
The price and the oscillator have formed a convergence. At the very least, consolidation above the level of 1.2427 is probable before the pound falls further.
*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।