Our team has over 7,000,000 traders!
Every day we work together to improve trading. We get high results and move forward.
Recognition by millions of traders all over the world is the best appreciation of our work! You made your choice and we will do everything it takes to meet your expectations!
We are a great team together!
InstaSpot. Proud to work for you!
Actor, UFC 6 tournament champion and a true hero!
The man who made himself. The man that goes our way.
The secret behind Taktarov's success is constant movement towards the goal.
Reveal all the sides of your talent!
Discover, try, fail - but never stop!
InstaSpot. Your success story starts here!
GBP/USD is trading around 1.3255, rebounding after finding strong support around the 4/8 Murray level. During the European session, the British pound showed a positive bias; however, it now faces strong resistance around 1.3260. This level could keep the British pound under downward pressure, and we could expect it to return toward the support levels at 1.3220.
Should GBP/USD undergo a technical correction, this could be seen as an opportunity to open long positions, with a target at 1.3260; furthermore, if a break above this resistance occurs, we could expect the British pound to reach Murray's 5/8 level around 1.3305 and ultimately reach the 200 EMA around 1.3357.
Given that the British pound is oversold and the Eagle indicator is showing a positive signal, any pullback could be considered a buy signal, but we must keep in mind that as long as the price consolidates above the 4/8 Murray line, it will be viewed as a bullish signal.
The British pound could continue its rise in the coming days, but it would need to consolidate above 1.3260 and break through the 5/8 Murray level above 1.3305; it could then reach the March 22 high around 1.3470.
The Eagle indicator is showing a positive signal, so any pullback will be considered a buy signal. A move below 1.3183, where the 4/8 Murray line is located, could validate our outlook.
*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।
