What To Expect From The British Pound To The US Dollar Today?

The British Pound Is Showing Signs Of Exhaustion Of The Bullish Force

Yesterday, the British pound briefly jumped to the target resistance of 1.1600, reversed from it and closed the day at the opening level, under the level of 1.1525. This morning the price is losing about 40 points, ahead of it is the target support at 1.1385.

Exchange Rates 07.09.2022 analysis

Overcoming it will open the 1.1305 target. The daily Marlin Oscillator is already quite low, but has the possibility of further decline. The probability of correction will significantly increase from the level of 1.1305.

Exchange Rates 07.09.2022 analysis

The price settled under the balance and MACD indicator lines on the four-hour chart, under the target level of 1.1525, the Marlin Oscillator also settled under the zero line, intending to continue its decline in the downward trend zone. We are waiting for the price at the first target of 1.1385.

 

 

Relevance up to 04:00 2022-09-08 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Read more: https://www.instaforex.eu/forex_analysis/320999

The British Pound Is Showing Signs Of Exhaustion Of The Bullish Force

InstaForex Analysis

Instant Trading EU Ltd. is the CFD broker operating under the brand instaforex.eu, regulated by CySec with license number 266/15.

Besides CySEC, Instant Trading EU Ltd. is also supervised by the Czech National Bank (CNB), the Slovak National Bank (SNB), and the Polish Financial Supervision Authority (KNF). InstaForex.eu has branches in the Czech Republic, Slovakia, and Poland, where it provides support in local languages. InstaForex.eu is a member of the Investor Compensation Fund (I.C.F) which is an additional security for the client's funds.

InstaForex.eu offers access to around 2,500 instruments (CFDs in Stocks, ETFs, Indices, Commodities, Forex, Cryptocurrencies, US Synthetic Stocks) and the MT4 and MT5 platforms,trading accounts in EUR, USD, PLN, CZK, GBP.

More information at: www.instaforex.eu

 

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.82%. of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.