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The British pound fell by 18 pips yesterday. Despite the situation's increased criticality, the threat of breaking through 1.3220 and the lower boundary of the wedge has not increased.
We had previously anticipated a test of the wedge's trendline, but with the possibility of a reversal back to its upper boundary, even without thoroughly testing it. There is a potential for a 260-pip rise. The signal line of the Marlin oscillator has reached the lower boundary of its range. In such a situation, a quick test of 1.3220 followed by a reversal upward is possible.
On the four-hour chart, Marlin is rising in the negative zone. The price is moving freely between the levels of 1.3220 and 1.3300. We will see where this leads. The main scenario is upward, with a wait-and-see position.
*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।