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Trend analysis (Fig. 1).
The pound-dollar pair may move down from the level of 1.2275 (close of yesterday's daily candle) to 1.2168, the 50% retracement level (yellow dotted line). In case of testing this level, the price may move upward with the target of 1.2385, the 61.8% retracement level (red dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
Today the price may move down from the level of 1.2275 (close of yesterday's daily candle) to 1.2168, the 50% retracement level (yellow dotted line). In case of testing this level, the price may move upward with the target of 1.2385, the 61.8% retracement level (red dotted line).
Alternative scenario: from the level of 1.2275 (close of yesterday's daily candle), the price may move downward to 1.2168, the 50.0% retracement level (yellow dotted line). In case of testing this level, continued downward movement is possible with the target of 1.2112, the 61.8% retracement level (yellow dotted line). Upon reaching this level, the price may move up.¡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.
