GBP/USD
In the past few days, the pound sterling has formed a range of 1.3030-1.3135. Going out of the range opens a target of 1.3216 (a high of January 25), going out of the range opens the target of 1.2840 - supporting the embedded line of the price channel.
The priority of the current moment is not expressed; on the daily chart, the price is sandwiched between the balance and MACD lines, with the growing marlin oscillator in the negative zone, the price is higher than the indicator lines on the four-hour chart, the marlin is in the growth zone, but the local side trend and the price can easily go below these indicator lines. We are waiting for the resolution of the situation.
The material has been provided by InstaForex Company - www.instaforex.com
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