Our team has over 7,000,000 traders!
Every day we work together to improve trading. We get high results and move forward.
Recognition by millions of traders all over the world is the best appreciation of our work! You made your choice and we will do everything it takes to meet your expectations!
We are a great team together!
InstaSpot. Proud to work for you!
Actor, UFC 6 tournament champion and a true hero!
The man who made himself. The man that goes our way.
The secret behind Taktarov's success is constant movement towards the goal.
Reveal all the sides of your talent!
Discover, try, fail - but never stop!
InstaSpot. Your success story starts here!
Last Friday, the British pound rose above the resistance level of 1.2708 but fell short of the next target at 1.2773 by about 20 pips. This morning, the price has returned below 1.2708, potentially reversing from the peak level of August 30, 2023 (1.2745). This highlights the weakness of buyers, as the resistance at 1.2773 appears significantly stronger.
The Marlin oscillator must return to bearish territory to confirm a reversal into negative values.
Attention should also be paid to today's release of November Manufacturing PMI: declines are expected in the Eurozone and the UK, while the US index is anticipated to show improvement. Considering the overall downtrend, the target of 1.2612 remains viable.
On the H4 chart, the price and the Marlin oscillator show divergence. The price gravitates towards the support at 1.2612. A subsequent test of the MACD line near 1.2567 could follow, with the level at 1.2510 as the next potential target.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
