Yesterday, the British pound fell a bit by 10 points but did an important technical action. It closed the trading session below the nested line of the price channel on the daily scale chart. On the H4 graph, it is noticeable that the price did not let up the balance line. The Marlin oscillator on H4 slides went smoothly along the border, which is a sign of an upcoming strong movement. When the trend for all data is falling, there will be a downward movement.
We are waiting for the price at the embedded line in the price channel at the level of 1.2570.
The material has been provided by InstaForex Company – www.instaforex.com
GBP / USD
Yesterday, the British pound fell a bit by 10 points but did an important technical action. It closed the trading session below the nested line of the price channel on the daily scale chart. On the H4 graph, it is noticeable that the price did not let up the balance line. The Marlin oscillator on H4 slides went smoothly along the border, which is a sign of an upcoming strong movement. When the trend for all data is falling, there will be a downward movement.
We are waiting for the price at the embedded line in the price channel at the level of 1.2570.
The material has been provided by InstaForex Company – www.instaforex.com
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