The British pound dropped 55 points yesterday, and it continues to fall this morning. Visually, this is a demonstration of the intention to overcome the target level of 1.3160 (December 8 low) and continue to move towards the 1.3012 level - this is the October 2019 high.
The price turned downward from the MACD indicator line on the four-hour chart, and this line was tested twice (arrows), and this is a pattern of further downward price movement. The Marlin Oscillator has entered the negative area. We are waiting for the development of the downward movement.
The material has been provided by InstaForex Company - www.instaforex.comfrom RobotFX
No comments:
Post a Comment