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GBP/USD
The British pound fell by 33 pips yesterday, demonstrating a serious intent to test the target level of 1.2524. Overcoming this level opens up the target of 1.2373 – an area coinciding with the line of the price channel and the actual target level. The main driving force in the coming days will be tomorrow's US Department of Labor report.
If investors perceive signs of an impending crisis in the report, the pair will likely reach the target of 1.2373 soon. If investors don't see any cause for concern, then on a new wave of risk appetite, the pound will turn towards the bullish target of 1.2645. The Marlin oscillator, which is closely approaching the zero line, also indicates the precariousness of the situation.
On the 4-hour chart, we generally have a downtrend, but it seems to be losing momentum as the Marlin oscillator moves gradually. Today, any price movements may turn out to be false signals, and we are awaiting a resolution of the situation with the release of the US employment data tomorrow evening.
*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।