After yesterday’s, albeit insignificant price increase, price convergence opened with the Marlin oscillator on the daily chart. It opens up the prospect of price movement to the resistance of the price channel line of 1.2732 and to the resistance of the MACD line at 1.2900. For such a strong movement, good news from the English Parliament is needed when they are ready to accept a May agreement with the EU and this probability has begun to increase, according to the British media.
The reduction option, which remains until the main one now since the Marlin signal line to the daily has not yet moved to the growth zone, suggests a decline to 1.2522 and a breakthrough to the level would lead to a decline towards 1.2400.
The material has been provided by InstaForex Company – www.instaforex.com
GBP / USD pair
After yesterday’s, albeit insignificant price increase, price convergence opened with the Marlin oscillator on the daily chart. It opens up the prospect of price movement to the resistance of the price channel line of 1.2732 and to the resistance of the MACD line at 1.2900. For such a strong movement, good news from the English Parliament is needed when they are ready to accept a May agreement with the EU and this probability has begun to increase, according to the British media.
The reduction option, which remains until the main one now since the Marlin signal line to the daily has not yet moved to the growth zone, suggests a decline to 1.2522 and a breakthrough to the level would lead to a decline towards 1.2400.
The material has been provided by InstaForex Company – www.instaforex.com
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