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Trend analysis (Fig. 1).
The pound-dollar pair may move down from 1.2490 (close of yesterday's daily candle) to 1.2366, the 38.2% retracement level (yellow dotted line). In case of testing this level, the price may move upward with the target of 1.2590, the 38.2% retracement level (red dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
Today the price may move down from the level of 1.2490 (close of yesterday's daily candle) to 1.2366, the 38.2% retracement level (yellow dotted line). In case of testing this level, the price may move upward with the target of 1.2590, the 38.2% retracement level (red dotted line).
Alternative scenario: from the level of 1.2490 (close of yesterday's daily candle), the price may move downward to 1.2217, the 23.6% retracement level (yellow dotted line). In case of testing this level, the price may move up with the target of 1.2590, the 38.2% retracement level (red dotted line).¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.