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GBP/USD
Yesterday, the British pound advanced and reached the target level of 1.2847. In order to rise further, to reach 1.2975, the price must consolidate above the aforementioned mark, which is only possible under favorable circumstances, as today, the UK will publish reports on GDP and industrial production, while the US will release crucial inflation data.
We are inclined to believe that the overall outcome of the expected news will be in favor of the dollar, so we expect the pound to decline to the support level of 1.2755 and further down to the target level of 1.2633. On the 4-hour chart, the price, along with the Marlin oscillator, has formed a divergence.
Before the imminent release of important economic data, technical signals may produce a false signal, but nonetheless, the pound is showing accumulated fatigue. The support level of 1.2755 is strengthened by the MACD line, indicating a struggle here. However, the very fact that the price will drop by a figure will already indicate the outcome of this struggle.
*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।
