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The British pound is trading around 1.3532, above the 200-day EMA and within the uptrend channel that has formed since early April. The chart shows that the pound sterling is seeking key support levels, which we believe could lead to a technical rebound in the coming hours.
If the British pound consolidates within the trend channel around 1.3500 and continues to trade above the 200 EMA, this could be seen as a positive signal to buy, with targets at about 1.3581.
If downward pressure on the British pound persists, it could test the strong support level at 1.3500; if the price breaks below this level, we could see a further move toward the 6/8 Murray level at 1.3427.
The Eagle indicator is showing negative signals, so the British pound is expected to continue falling. However, if the price remains above 1.35, it will be seen as a positive signal, but we should avoid buying if the price consolidates below 1.3581.
With a decisive break and consolidation above 1.3580, GBP/USD could resume its bullish cycle, and we could expect it to reach the 8/8 Murray level around 1.3671; it could even reach the upper band of the bullish trend channel around 1.3716.
*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।
