With minor assumptions, the pound's five- day sideways movement an be viewed as a consolidation above the 1.3484 level. If this is the case, the price is likely to soon settle above this level and head toward the bullish target 1.3528.
The Marlin oscillator is slightly rising in negative territory, releasing tension ahead of another potential wave of decline.
An alternative scenario -growth toward 1.3635-can be considered only if the price consolidates above the July 16 high of 1.3485.
On the four-hour chart, the price failed to break above the balance line on Friday, and the RSI also did not cross into positive territory. Consolidation continues. At the hypothetical breakout point, the MACD line coincides with the July 16 high at 1.36189. It is likely that this level will not be broken.
The Marlin oscillator is slightly rising in negative territory, releasing tension ahead of another potential wave of decline.
An alternative scenario -growth toward 1.3635-can be considered only if the price consolidates above the July 16 high of 1.3485.
On the four-hour chart, the price failed to break above the balance line on Friday, and the RSI also did not cross into positive territory. Consolidation continues. At the hypothetical breakout point, the MACD line coincides with the July 16 high at 1.36189. It is likely that this level will not be broken.
Order cancelled
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DAILY FREE SIGNAL. FREE SIGNAL (95% accuracy) TP AND SL PROVIDED
In This Channel, i Will Provide you a profitable Scalping And Swing Trade Follow My Signals
PUBLIC TELEGRAM CHANNEL
t.me/CEO_PREMIUM_ANALYSIS
In This Channel, i Will Provide you a profitable Scalping And Swing Trade Follow My Signals
PUBLIC TELEGRAM CHANNEL
t.me/CEO_PREMIUM_ANALYSIS
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.