On Friday, the British pound broke through the support of the trendy embedded line of a large price channel against the backdrop of the overall strengthening of the dollar. And now, the main purpose is to open prior to the next support in the area of 1.2275. But before that, it will be necessary to overcome the support range of 1.2548 – 12588, formed by a minimum of June 21, 2017 and a minimum of December 8, 2016. A local correction is possible from this range since the signal line of the Marlin oscillator has gone deep enough downward. The next stage of negotiations on Brexit will take place in September, and until this time the pound has no strong support.
The material has been provided by InstaForex Company – www.instaforex.com
GBP / USD pair
On Friday, the British pound broke through the support of the trendy embedded line of a large price channel against the backdrop of the overall strengthening of the dollar. And now, the main purpose is to open prior to the next support in the area of 1.2275. But before that, it will be necessary to overcome the support range of 1.2548 – 12588, formed by a minimum of June 21, 2017 and a minimum of December 8, 2016. A local correction is possible from this range since the signal line of the Marlin oscillator has gone deep enough downward. The next stage of negotiations on Brexit will take place in September, and until this time the pound has no strong support.
The material has been provided by InstaForex Company – www.instaforex.com
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