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.

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

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