Condizioni di trading
Strumenti
The British pound is trading around 1.3395, above the 21-day SMA, and has reached the top of the downtrend channel that has been forming since early May.
A H4 chart clearly shows that the British pound has failed to break out of the downtrend channel on several occasions and has been under downward pressure. However, it could be forming a pattern known as a pennant, and a decisive break above 1.34 could trigger a strong upward move, with the British pound potentially reaching the 200 EMA around 1.3481 and possibly even hitting the 7/8 Murray level around 1.3550.
Conversely, a drop below 1.3383 could continue the bearish scenario for the British pound, and we expect it to reach the 5/8 Murray level again around 1.3305.
The Eagle indicator is showing a positive signal, so it is more likely that the British pound will continue to rise in the coming days; therefore, we will look for opportunities to buy above 1.34 or sell if the price falls below 1.3380.
Le recensioni analitiche di InstaForex ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaForex, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.
