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On Friday, the British pound sharply dropped and reached the target support level of 1.2510. On the daily chart, a convergence has formed between the price and the oscillator. We anticipate a correction, if not to the entire decline since September 26, then at least to the movement from November 6.
The minimum correction could target the 1.2708 level. A second strong level appears at the June high of 1.2859, with 1.2773 acting as an intermediate level. However, a decisive upward movement is unlikely today, as the price has yet to close the gap from the session's opening.
On the 4-hour chart, the price is moving within the range of 1.2510–1.2612. A reversal toward closing the gap will likely occur either at the 1.2612 resistance level or slightly higher at the MACD line.
*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।