Kereskedési feltételek
Products
Eszkozok
GBP/USD
The British pound fell 63 points on Friday, breaking the support of the Fibonacci level of 123.6%. The pound's nearest target is the Fibonacci level of 138.2%, then 161.8%. But there is one nuance here - the signal line of the Marlin oscillator came close to the border of the bears' territory, and this border is an independent level of support and resistance, which can provoke a corrective reversal of the oscillator line and the price itself. Marlin's transition to a negative trend will occur when the price overcomes the Friday low of 1.2473.
The price is declining without signs of a reversal (correction) on the H4 chart. These signs are more likely to appear when the price reaches the target level of 1.2424.
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.