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Trend analysis (Fig. 1).
The pound-dollar pair may move down from the level of 1.2573 (close of yesterday's daily candle) to the target of 1.2534, the 14.6% retracement level (yellow dotted line). When testing this level, the price may move up to the upper fractal at 1.2611 (yellow dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
Today the price may move down from the level of 1.2573 (close of yesterday's daily candle) to the target of 1.2534, the 14.6% retracement level (yellow dotted line). When testing this level, the price may move up to the upper fractal at 1.2611 (yellow dotted line).
Alternative scenario: from the level of 1.2573 (close of yesterday's daily candle), the price may move upward with the target of 1.2725, the 50% retracement level (red dotted line). When testing this level, downward movement is possible.¡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.