Trading Conditions
Products
Tools
Yesterday, the pound reached the upper limit of the target range at 1.2436/76 with the lower shadow of a daily candle. The Marlin Oscillator is set for a reversal, so we are waiting for the price to work out the lower border of the range and then exit it down to the target level of 1.2250.
On the four-hour chart, the Marlin Oscillator has consolidated in the downward territory - in the zone of negative values. The MACD indicator line is approaching the level of 1.2436, strengthening it. Accordingly, after the price overcomes this level, the quote may sharply fall.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.