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Trend analysis (Fig. 1).
The pound-dollar pair may move down from the level of 1.2465 (close of yesterday's daily candle) with the target of 1.2436, the 23.6% retracement level (yellow dotted line). After testing this level, the price may move up to the upper fractal 1.2523 (yellow dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
Today the price may move down from the level of 1.2465 (close of yesterday's daily candle) with the target of 1.2436, the 23.6% retracement level (yellow dotted line). After testing this level, the price may move up to the upper fractal 1.2523 (yellow dotted line).
Alternative scenario: from the level of 1.2465 (close of yesterday's daily candle), the price may move up with the target of 1.2497, the 21-period EMA (thin black line). After testing this level, the price may move downward with the target of 1.2382, the 38.2% retracement level (yellow 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.